According to Lookonchain, a crypto whale has made a notable move by depositing 6 million USDC on Hyperliquid, aiming to long Ethereum at $1,624.44 with 5x leverage. This significant transaction indicates a bullish sentiment towards Ethereum and could influence market dynamics. Traders should monitor the price movement closely, as such large positions can lead to increased volatility in the market. The use of 5x leverage suggests confidence in Ethereum's upward trajectory, but also underscores the risk involved. (Source: Lookonchain)