Whale don sell 21.7K ETH lose $6.6M, carry comot $9.6M USDC
One crypto whale wey dey operate under address 0x89Da execute big ETH liquidation by closing 21,683 ETH long position for Hyperliquid, e suffer loss of $6.6 million. This ETH liquidation make market react sharp sharp. After the margin call, the whale carry all the $9.6 million USDC balance comot from Hyperliquid. The combination of ETH liquidation plus USDC withdrawal show ongoing liquidity shifts and whale activity wey fit affect ETH funding rates. Traders suppose dey watch for like this whale-driven liquidations plus USDC outflows as possible short-term bearish signs for crypto trading.
Bearish
Dis kain big ETH liquidation wey one whale do mean say risk-off behavior strong. For history, similar whale-led liquidations for margin platforms like BitMEX or dYdX dey usually cause short-term price drop and more volatility. The $6.6 million loss plus the $9.6 million USDC withdrawal from Hyperliquid show say capital dey move commot from ETH markets, wey dey weigh on market stability. For short term, traders fit see more downward pressure on ETH prices and wider funding rate spreads. For long term, if no balancing buying follow, dis kain action fit mean say major holders dey cautious, hinting say crypto trading environment get cautious sentiment.