A smart money address went long on 12,000 ETH with 20x leverage, holding an unrealized profit of approximately $626,000.

On October 9 that, according to on-chain analytics platform Lookonchain (@lookonchain), smart money with a 100% win rate and $9.26 million in cumulative profits has re-entered the market following a downturn. Using 20x leverage, it opened a long position with 12,000 ETH (approximately $29.88 million), and currently holds an unrealized profit of around $626,000.