A smart wallet recently reduced its 25x ETH long position by 2,368.85 tokens, now holding $388.4 worth of ETH longs, while maintaining $14.9 million in Bitcoin longs and $4.8 million in SOL shorts, profiting $1.15 million on Hyperliquid this week.
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Smart wallet cut 25x ETH long by 2,368.85 tokens two hours ago.
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Currently holds a 40x Bitcoin long valued at $14.925 million and a 20x SOL short worth $4.84 million.
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Generated $1.15 million profit on Hyperliquid over the past seven days, according to on-chain data.
Smart wallet adjusts ETH, Bitcoin, and SOL positions, securing $1.15M profit on Hyperliquid; stay updated on crypto trading insights with COINOTAG.
What Are the Details of the Smart Wallet’s Recent ETH Position Reduction?
The smart wallet reduced its 25x leveraged ETH long position by 2,368.85 tokens just two hours ago, leaving a minimal ETH long exposure worth $388.4. This move indicates a strategic partial exit from a highly leveraged position, reflecting cautious risk management amid volatile market conditions.
How Does the Wallet’s Bitcoin and SOL Positions Complement Its ETH Trades?
Alongside the ETH adjustment, the wallet holds a significant 40x Bitcoin long position valued at $14.925 million, demonstrating strong bullish conviction on BTC. Simultaneously, it maintains a 20x short position on Solana (SOL) worth $4.84 million, suggesting a bearish stance on SOL’s near-term price action. These diversified positions highlight a sophisticated multi-asset trading strategy.
What Profit Has the Wallet Realized Recently on Hyperliquid?
On-chain analytics reveal the wallet has profited approximately $1.15 million on Hyperliquid during the past week. This substantial gain underscores the effectiveness of its leveraged trading approach and timely position adjustments across ETH, BTC, and SOL markets.
| Asset | Position Size | Leverage & Profit |
|---|---|---|
| Ethereum (ETH) | Reduced by 2,368.85 tokens | 25x leverage, $388.4 remaining |
| Bitcoin (BTC) | $14.925 million long | 40x leverage |
| Solana (SOL) | $4.84 million short | 20x leverage |
Why Did the Smart Wallet Reduce Its ETH Long Position?
The reduction of the 25x ETH long position likely reflects a strategic risk mitigation response to recent market volatility. By trimming exposure, the wallet preserves capital while maintaining flexibility to capitalize on future price movements.
What Does This Mean for Leveraged Crypto Traders?
Leveraged traders can learn from this wallet’s approach by balancing high-leverage positions with timely adjustments. Diversifying across assets like BTC and SOL while managing risk on volatile ETH positions is crucial for sustainable profits.
Frequently Asked Questions
What is the significance of reducing a 25x ETH long position?
Reducing a 25x ETH long position decreases risk exposure during volatile market periods, helping to protect profits and limit potential losses.
How does the wallet’s multi-asset strategy benefit its trading performance?
By holding leveraged positions in ETH, BTC, and SOL simultaneously, the wallet diversifies risk and capitalizes on different market trends, enhancing overall profitability.
Key Takeaways
- Strategic Position Adjustment: The wallet reduced its 25x ETH long by 2,368.85 tokens to manage risk.
- Diversified Leverage: Holds significant leveraged positions in Bitcoin and Solana, balancing bullish and bearish bets.
- Profitable Trading: Achieved $1.15 million profit on Hyperliquid in the last week through effective multi-asset strategies.
Conclusion
This smart wallet exemplifies advanced leveraged trading by dynamically adjusting its ETH exposure while maintaining strong Bitcoin longs and Solana shorts. Its $1.15 million profit on Hyperliquid highlights the value of diversified strategies and risk management in volatile crypto markets. Traders can adopt similar approaches to optimize returns and safeguard capital.
Smart wallet reduces ETH longs while holding strong BTC and SOL positions, profiting over $1M on Hyperliquid this week. #CryptoTrading #Leverage
— COINOTAG (@coinotag)