Ethereum Whale Action Signals Caution in Market Pullback

A recent exit by a significant Ethereum whale has triggered a shift in market sentiment, leading to a pullback from record highs near $4,800. This move follows the closure of a large long position of approximately $93 million, signaling reduced leverage and risk appetite. 0x89Da’s withdrawal from Hyperliquid, a platform commonly used for leveraging Ethereum trades, adds further weight to this observation.