Smart Money with a cumulative profit of over $23 million gradually reduced its 25x leveraged ETH long position for nearly 1 hour, with the current long position still holding a floating profit of $4.76 million.

BlockBeats News, July 28th, according to on-chain data, a certain clever whale has been continuously deleveraging a 25x ETH long position for nearly 1 hour. As of the time of writing, the whale has reduced its position by 6,913.12 ETH, with the position value decreasing by $21,048,396.95. Currently, the whale still holds a $71.33 million ETH long position with an unrealized profit of $4.76 million.

Furthermore, the address also holds 5x HYPE and PUMP long positions. The address has made a profit of $2.94 million in the past 24 hours and a total profit of $23.47 million.