🔴 $ETH Whale Dropped a $50M Short – Are They Seeing a Crash Before Us?

Big moves always tell a story, and this one screams caution. A fresh wallet pushed 5.42M USDC into Hyperliquid and instantly went $50M short on $ETH (also targeting $WLFI and XPL). That’s not a casual hedge – that’s a massive bet against Ethereum right when ETH is flirting with record highs.

Now, this doesn’t mean ETH is doomed. It could be pure hedging, it could be a whale playing the volatility, or it could be someone with insider conviction that we’re due for a pullback. Personally, when I see a whale short that heavy, I don’t ignore it – I take it as a signal to tighten risk and avoid over-leverage.

ETH still looks strong long-term (even analysts like Tom Lee are throwing out $15K targets), but short-term? Moves like this remind me that whales can shake the tree hard before letting it run again.

My take: I’m bullish on ETH’s future, but right now, I’d rather be cautious than caught in a wipeout.