According to Lookonchain, a whale deposited 7 million USDC into Hyperliquid, purchasing 1,371.87 ETH spot at $2,551 with 3.5 million USDC and using the remaining 3.5 million USDC to open a 3x leveraged long position on ETH at an entry price of $2,550.42 (Lookonchain, May 20, 2025). This large-scale dual strategy signals strong bullish sentiment from institutional players, potentially increasing short-term volatility and liquidity for ETH on both spot and derivatives markets. Traders should monitor for heightened price movements and liquidations, as this level of leverage can amplify market reactions and influence funding rates. (Source: https://twitter.com/lookonchain/status/1924734328355115304)

According to Ai 姨 (@ai_9684xtpa), a major Ethereum whale has shifted strategy by closing a 4,000 ETH short position and subsequently purchasing 7,289 ETH on the spot market for approximately $13.2 million at an average price of $1,826. This aggressive position reversal signals renewed bullish sentiment from large holders, and such whale accumulation often precedes increased volatility and potential price rallies in the short term. Traders should closely monitor on-chain whale activity and spot market flows for ETH price momentum cues (Source: Twitter/@ai_9684xtpa, April 28, 2025).