Hyperliquid Whale: Reopens 16,000 ETH Longs

Hyperliquid whale reopened massive ETH longs, shifting 26.83M USDC into three fresh wallets and executing 8,000 ETH positions each at $2,490 for a $20M notional. The move follows a three-day profit-taking spree that closed 120,000 ETH plus 2,000 BTC for $61.72M realized gains, leaving only one address holding 1,000 BTC longs. On the 4h chart ETH trades at $2,494.37 inside the Bollinger band with upper resistance at $2,525.72 and lower support at $2,441.57; price sits above the EMA50 at $2,395.48 and EMA200 at $2,112.74 while RSI(14) at 57.0 stays neutral and MACD shows a death cross at 23.09, pointing to a likely healthy retracement toward the 50-EMA before any continuation. This pattern of aggressive re-leveraging after partial exits has defined perpetual futures trading flows over the past year and directly shapes near-term ETH price prediction models amid ongoing Bitcoin profit taking cycles.