1. An address that previously bought the dip in ETH saw a 221% increase in holdings over the past 7 days, and today it further added to its HYPE long position.
BlockBeats News, July 3rd, according to Hyperinsight monitoring, following the significant shortfall in U.S. non-farm payroll figures last night, market expectations for further Fed tightening have markedly cooled. The crypto market continued to respond positively to improving macro liquidity expectations, significantly outperforming U.S. stocks. In the past 24 hours, BTC rose by about 2%; ETH surged over 6%, reclaiming the $1700 level, representing a 12.5% rebound from the June 26th low of $1510.
During this market cycle, an address holding a clever long position in ETH through Hyperliquid has seen unrealized gains of up to 221%. The address established the position near the June 26th low at an average price of around $1531, holding approximately 4060 ETH, with a notional value of around $6.91 million. The initial investment was $311,000, and the current unrealized gains are about $691,000 under 20x leverage.
In addition to ETH, the same address initiated a long position in BTC on the same day, with current unrealized gains of about $250,000. Furthermore, in the past 7 hours, they added to their long position in HYPE (10x leverage) with a position size of around $380,000, an average price of $66.7, further strengthening their bullish exposure.
Reportedly, this address is a newly created account: accumulating funds approximately $2.01 million injected into the account 7 days ago, buying the dip, with a cumulative profit of about $993,000 in the past 7 days, currently operating at an overall leverage of about 4.7x, with the total fund size increased to around $2.99 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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