Smart Money has increased its holdings of Bitcoin by over 40 times, resulting in a cumulative profit of $9.4 million

According to on chain data, a certain smart money address has placed over 40 times more Bitcoin positions on the Hyperliquid platform, with a holding size of 250 Bitcoin worth approximately $28.62 million and an average entry price of $114567. As of now, the address has accumulated a profit of 9.4 million US dollars.