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On the 30th, the smart money that successfully switched from ETH long order to short order has today converted the Bitcoin short order to a long order and built a position in ETH long order.
On August 1st, according to on-chain information, a certain smart money today converted its Bitcoin short order to a long order and built a position in ETH long order. As of the time of publication, this address holds a total of $3.61 million in 25x Ethereum long orders and $1.8 million in 40x Bitcoin long orders. Previously, on July 30th, this smart money converted its ETH long order to a short order, with an entry price of $3,803. This address has accumulated nearly $36 million in profit on Hyperliquid.