🟢 $ETH Whale Unloads $142M in Longs — Cooling Off After the Hype?

A major whale on Hyperliquid just scaled back in a big way — trimming over $142.5M in $ETH longs across three moves. This comes right after Ethereum notched its strongest weekly close in four years, hitting $4.85K on Aug 22 before pulling back amid some volatile swings.

My take?

When whales reduce exposure during bullish momentum, it’s typically not panic — it’s profit protection. Smart money doesn’t wait for the peak — they start scaling out while retail is still chasing green candles.

I’m not calling the top, but this looks like a yellow flag. If ETH pulls back further, $4.3K–$4.4K could offer solid re-entry zones.

For now, I’m staying sharp — even in a bull market, whales remind us: hedging is part of the game.