Whale sells 12,468 ETH for $29.5M and opens Hyperliquid oil long
- —Sale of 12,468 ETH at $2,368 yielded $29.52 million in USDC
- —Realized profit on the trade was about $8.99 million
- —$20 million USDC was moved to Hyperliquid for an oil long
- —Current CL and BRENTOIL position is valued at roughly $22.4 million
Why it matters: A major whale is taking ETH profits and rotating into crude, a signal that risk appetite among large holders is shifting.
Source: PANews