According to @lookonchain, whale address 0x720A exited Hyperliquid with a substantial profit of $13.6 million and subsequently shifted strategy by halting perpetuals trading and purchasing 3,322 ETH, equivalent to $12.84 million, on the spot market. This large-scale spot accumulation signals increased confidence in Ethereum (ETH) price stability and could trigger bullish sentiment among traders as significant whale movements often influence short-term price action and market liquidity (source: @lookonchain).