An ETH whale sold 23,924 ETH and placed limit long orders for BTC, ETH, and HYPE.

According to ChainCatcher, on-chain analysts have monitored that address 0xead…E9D55 sold 23,924 ETH at an average price of $1,888.71 over the past 10 hours, with a total value of approximately $45.18 million.

The funds of this address come from two sources: 19,000 ETH accumulated in 2017 (at a cost of about $357), and 7,038 ETH withdrawn from exchanges between December 2023 and April 2024 (at a cost of about $2,709.43). After reducing its holdings, the address deposited 15.998 million USDC into Hyperliquid as margin and placed limit long orders for BTC, ETH, and HYPE on the platform. Currently, the address holds positions worth about $56.18 million, mainly long positions, with an unrealized loss of approximately $6.462 million.