According to on-chain analyst Ai Yi, smart money that went long 1,000 BTC and 10,000 ETH since early July has realized a profit of $5.484 million. This account took long positions in BTC on July 6 and in ETH on July 14, at entry prices of $62,354 and $1,761.90, respectively. The current position value stands at $85.36 million, with over $330,000 in funding fees paid.
Smart money took long positions in BTC and ETH in early July, earning a $5.484M profit.
AiCoinShare
Summary
According to AiCoin, a smart money position that went long 1,000 BTC and 10,000 ETH in early July has generated a floating profit of $5.484 million. The trade was opened on July 6 and July 14 at $62,354 and $1,761.90, respectively, with a total value of $85.36 million and over $330,000 in funding fees. This move aligns with value investing strategies in crypto, as the position was held through key support and resistance levels.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.