On July 4th, blockchain analytics revealed that institutional investors shifted their strategy by initiating a significant long position on Ethereum (ETH) using 25x leverage via Hyperliquid. This position encompasses 2,638.71 ETH, valued at approximately $6.7 million, with an entry price near $2,545.74. Previously, these investors had exited Bitcoin longs and increased exposure to Solana (SOL), indicating a tactical portfolio realignment. The smart money segment has realized cumulative gains of $15.92 million on Hyperliquid, including $7.62 million accrued over the past week, underscoring their adept market timing and risk management. Such moves highlight the growing confidence in ETH’s near-term upside potential among sophisticated traders, reflecting broader trends in leveraged crypto derivatives markets. Monitoring these on-chain activities provides critical insights into market sentiment and liquidity flows, essential for investors aiming to navigate the volatile crypto landscape effectively.