BREAKING
200d 17h ago

Smart Money Shifts from Solana to $17.9M 3x Long Ethereum Position on Hyperliquid

SOL

SOL/USDT

$88.53
+2.64%
24h Volume

$3,875,175,794.90

24h H/L

$89.20 / $86.02

Change: $3.18 (3.70%)

Long/Short
76.5%
Long: 76.5%Short: 23.5%
Funding Rate

-0.0160%

Shorts pay

Data provided by COINOTAG DATALive data
Solana
Solana
Daily

$88.49

1.03%

Volume (24h): -

Resistance Levels
Resistance 3$113.8728
Resistance 2$100.5725
Resistance 1$93.5288
Price$88.49
Support 1$87.525
Support 2$81.3658
Support 3$67.50
Pivot (PP):$87.9733
Trend:Downtrend
RSI (14):30.8

On July 23, on-chain analytics revealed that a prominent smart money investor liquidated their SOL long position on Hyperliquid, subsequently initiating a 3x leveraged long position in ETH valued at $17.9 million. The average entry price for this Ethereum position was $3,743, with a liquidation threshold set at $2,547.6. This strategic move highlights a shift in market sentiment towards Ethereum within the leveraged trading community. Notably, this address has realized cumulative profits of $3.36 million on the Hyperliquid platform, including gains of approximately $2.362 million over the last seven days, underscoring the effectiveness of their trading strategy in volatile market conditions.

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