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Smart money that successfully shorted ETH on the 30th has now switched BTC shorts to longs and opened ETH long positions today

Summary: According to reports, a smart money entity has converted BTC shorts to longs and opened ETH long positions today, holding a total of $3.61 million worth of 25x ETH longs and $1.8 million worth of 40x BTC longs at the time of writing. Previously, on July 30th, this entity had converted ETH longs to shorts ...

According to reports, a smart money entity has converted BTC shorts to longs and opened ETH long positions today, holding a total of $3.61 million worth of 25x ETH longs and $1.8 million worth of 40x BTC longs at the time of writing.

Previously, on July 30th, this entity had converted ETH longs to shorts at an average entry price of $3803.

This address has accumulated close to $36 million in profits on Hyperliquid.

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