An entity known as the “#Immutable Whale” has liquidated its long positions in both Ethereum (ETH) and HYPE, decreasing its position size by $18.8 million within three hours. This rapid liquidation indicates a significant shift in the whale’s trading strategy. The decision to reduce holdings in these assets may reflect changing market conditions or internal risk management protocols. The implications of this liquidation could affect market sentiment, particularly for those closely monitoring whale activity in the cryptocurrency space.
