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A certain smart money increased its ETH long position by acquiring 4000 coins at an average price of $3997, while also holding a 40x leverage Bitcoin long position.

By: theblockbeats.news|2025/08/08 15:22:04

BlockBeats News, August 8th, according to on-chain data, a certain clever money increased its ETH long position by 4000 coins at an average price of $3997 in a half-hour period with 25x leverage, bringing its current holding to $20.55 million.

It is worth noting that this address had partially closed some of its ETH long positions just 50 minutes prior. At the time of writing, the same address also holds a $29.17 million 40x Bitcoin long position.

Due to the fact that the mining rigs were determined by the United States to be of Chinese origin, CleanSpark faces up to a $185 million punitive tariff.

Hongqiao Group has reached a strategic cooperation with Oriental Ecolink to establish a digital ecosystem for RWA timber assets.