As the ETH price approaches the liquidation price of [selling HYPE to go long on ETH whales], he has liquidated 28,959 ETH ($126 million) in the past half hour to avoid liquidation.
After reducing his position, he now holds a long position of 57,800 ETH ($251 million), and the liquidation price has dropped to $4,233.
Address: 0xa5232e97b4ded3d2EF25Be059c3489e61Be475Aa