On-chain data shows that the 'smart money' address with cumulative profits exceeding 34.1 million USD completed a 25x leveraged ETH long position within half an hour on August 14, holding 4500 ETH at an average price of 4740.31 USD, with a nominal value of 21.3 million USD. The directional trends of such high-frequency precise operations are often seen as leading signals for the short-term market trend — its choice to decisively increase positions during the consolidation phase after ETH broke 4600 USD conceals a clear judgment about subsequent market movements.

I. The underlying logic of high-leverage position building: Precise weighing of risk and opportunity

The choice of 25x cross leverage is by no means reckless, but is based on a deep dissection of market structure:


  • The strategic significance of the cost level: 4740 USD is in the key range of ETH's current rebound — it is both the upper range of the 4600-4800 USD fluctuation and below the psychological resistance of the historical high (4869 USD) from 2021. Building positions here avoids uncertainty before the breakout and allows for quick profit capture after stabilization.

  • Scenarios for leverage adaptation: 25x leverage is typically used for short-term speculation during 'trend acceleration'. Combined with the current ETH 1-hour RSI indicator (58) not yet entering the overbought zone, and the trading volume expanding by 28% compared to the previous day, smart money may assess that there is still room for upward momentum, and high leverage can amplify the profit elasticity during this phase.

  • Implicit control of risk exposure: Although the nominal value reaches 21.3 million USD, this address uses a cross-margin model, with actual margin usage of about 850,000 USD (21.3 million / 25), accounting for only 2.5% of its total capital (based on a cumulative profit of 34.1 million), which is a controllable strategy of 'light position and high leverage'.

II. The signaling significance of capital behavior: Observing market expectations from the rhythm of building positions

The 'lightning operation' completed within half an hour reveals the precise control of funds over timing:


  • Proactive layout during the consolidation period: ETH has been consolidating around 4700 USD for 6 hours, with increasing divergence in the market (long-short ratio dropped from 1.8 to 1.5). Entering the market at this time may break the balance, potentially triggering follow-up buying from programmatic trading, forming a positive cycle of 'capital ignition - retail following'.

  • Echoing institutional actions: Coincidentally, during the same period, Grayscale increased its ETH trust by 12,000 coins, and BlackRock ETF inflows amounted to 35 million USD. The synchronized actions of smart money and institutional funds reinforce the signal of 4700 USD as the 'institutional cost consensus zone' — this price level is both above Grayscale's recent average purchase price (4680 USD) and the starting point of Standard Chartered's 7500 USD target price.

  • The safety margin of the liquidation price: The liquidation price for this long position is 4732.8 USD, which is only 0.16% lower than the entry price, seemingly posing high risk, yet it harbors secrets — if the price suddenly drops below the liquidation price, the cross-margin mechanism will automatically reduce the position to avoid liquidation, and this setting of 'liquidation triggered only by extreme market conditions' serves more as a defense against 'false breakout stop-losses'.

III. Insights for ordinary traders: How to follow smart money instead of following the crowd

The operations of such top-tier funds can be referenced but not replicated; the key lies in extracting their behavioral logic:


  • Focus on 'high win-rate nodes': Smart money chooses to build positions after 'breakthrough and pullback confirmation' rather than in the 'early stage of the trend', indicating a greater emphasis on certainty. Ordinary investors can wait until ETH stabilizes above 4800 USD before entering the market, although they may miss some profits, but the win rate is higher.

  • The matching formula for leverage and position: For retail investors, 25x leverage poses too high a risk but can be converted into a combination of '3x leverage + 5% position', which retains profit elasticity while keeping the maximum single loss within 0.5% of total capital.

  • Secondary confirmation of signal validation: If ETH trading volume continues to expand (breaking 500 million USD/hour) within the next 2 hours, and the price stabilizes above 4750 USD, then the judgment of smart money is validated by the market, increasing the probability of an upward trend to 72%; conversely, if the volume decreases and falls below 4650 USD, caution against the risk of false signals is needed.


The 'smart money' in the crypto market never predicts prices, but captures the intersection of 'high odds + high certainty'. Behind this 25x ETH long position is a multifaceted calculation of trends, capital, and psychology — for ordinary traders, understanding these calculations is more valuable than blindly following trades.

Blindly acting alone will never bring opportunities; follow me, and I will lead you to explore tenfold potential coins! Top-tier primary resources!

#以太坊创历史新高倒计时 #主流币轮动上涨 $ETH