Smart Money Reinvests: Ethereum Traders Secure $1.1 Million Profit Before New $38.57 Million Long Position

COINOTAG reported on May 26th that recent transactions involving Ethereum (ETH) have drawn significant attention. According to LookIntoChain monitoring data, prominent investors, often referred to as Smart Money, who initially entered a long position on ETH just three days ago, realized impressive gains of $1.1 million. In a notable move, they have reaffirmed their confidence in the asset by opening another long position earlier today for 15,000 ETH, amounting to a notable $38.57 million. This position utilizes a significant 25x leverage, indicating a high-risk strategy. The liquidation price is set at $2441.9, highlighting the critical threshold that could influence future trading decisions. These strategic moves underscore the active engagement of institutional players within the cryptocurrency market and their underlying analysis techniques, resonating with both retail and professional investors.