A smart money firm has been continuously increasing its long positions in ETH, with the current position valued at approximately $73.3 million.

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According to ChainCatcher, on-chain analyst Ai (@ai9684xtpa) has been monitoring the market and has reported that "smart money that bravely long on ETH at 25x leverage after the 1011 flash crash" has added to its Ethereum long positions, bringing its total holdings to 19,383.25 ETH (approximately $73.3 million). All orders have been filled. The current average opening price is $3,741.34, the liquidation price is $3,219.96, and the unrealized profit is $654,000.

He had previously made a profit of $8.61 million, but only took profits on a small portion of his position. However, he has given back almost all of his profits in the past 10 days.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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