Lookonchain: Trader Closes $100M ETH Short, Opens BTC Long

Lookonchain flagged the crypto whale position flipping from ETH short to BTC long after closing the massive Hyperliquid perpetuals large ETH short positions history worth over $100M at a $260K loss before opening the 20x long on 175.04 BTC valued at $13.43M. ETH price sits at $2089.1 below EMA50 resistance at $2128.19 and EMA200 at $2216.94 locking in the bearish structure while RSI at 43.73 stays neutral and MACD golden cross at -1.79 signals building momentum inside the Bollinger bands with upper resistance at $2155.33 and lower support at $2034.65.