🟢 Whale Just Dropped a $51M $ETH Short – Market on Notice

$ETH is trading near $4,900, climbing over 3% today and hitting a daily high of $4,937. The 1D chart is still flashing bullish momentum — strong candles, steady volume, and price holding way above the key EMAs. Bulls look comfortable, and the uptrend from the $2,100 zone in June is intact.

But in the middle of this strength, a whale just made a move that can’t be ignored: a fresh wallet (0x54D7) was created, loaded with $5.42M USDC, and instantly opened a 10,641 ETH short worth around $51M on Hyperliquid. That’s not noise — that’s a serious conviction bet against ETH.

So here’s the tension:

The chart says bullish — ETH looks ready to test higher levels if momentum continues.

The whale says bearish — big money from wallet 0x54D7 is calling for a correction.

When charts and whales disagree, volatility usually follows. Either ETH forces a short squeeze that rips higher, or the whale’s conviction trade sparks the correction.

This is one of those moments where the next few candles decide the real direction — and everyone’s watching.