The tough character is back! Betting $38.57 million on long ETH!!!
On-chain data shows that a smart money address, which made a profit of $1.1 million from going long on ETH three days ago, has once again returned with a heavy investment. Four hours ago, they opened a long position worth $38.57 million with 25x leverage, holding a position of 15,000 ETH, with a liquidation price set at $2,441.9.
This is not ordinary speculation, but high confidence amidst high risk. Winning and going all in, this operation reveals two key signals:
First, this type of 'smart money' may have captured strong short-term support for ETH or possesses favorable information, anticipating further upward movement;
Second, the liquidation price of $2,441.9 can be seen, to some extent, as their 'extreme bottom line,' worth noting by everyone.
For the market, is this a positive signal or a gamble risk?
