A certain Smart Money increased its long position by acquiring 4000 ETH at an average price of $3997 per coin, while also holding a 40x leverage Bitcoin long position.

BlockBeats News, August 8th, According to on-chain data, a certain wise whale added to their Ethereum long position half an hour ago at an average price of $3,997, increasing their holdings by 4,000 ETH in a 25x leveraged trade, with their current position worth $20.55 million.

Of note, this address had reduced a portion of their ETH long position just 50 minutes ago. As of writing, the address also holds a 40x leveraged Bitcoin long position worth $29.17 million.