Ethereum Whales Signal Shift in Market Behavior

Recent actions by prominent Ethereum whales have sparked speculation about a shift in market sentiment. A major investor, identified as the wallet “0x89Da…”, recently sold off a substantial portion of its ETH holdings, potentially losing over $6.6 million. This move coincides with the withdrawal of significant USDC from Hyperliquid, another indication of a potential retreat by large investors from highly leveraged positions. Ethereum prices remain volatile near $4,500 after recent highs.