The smart money that successfully went from a long ETH position to a short position on the 30th has today transitioned from a Bitcoin short position to a long position, and has opened a long position on ETH.

BlockBeats News, August 1st, according to on-chain information, a savvy whale today switched their Bitcoin short position to a long position and opened an ETH long position. At the time of writing, the address holds a total of $3.61 million worth of 25x leveraged Ethereum longs and $1.8 million worth of 40x leveraged Bitcoin longs.

In earlier news on July 30th, this savvy whale flipped their ETH longs to shorts at an entry price of $3,803.

This address has cumulatively made close to $36 million in profits on Hyperliquid.