Sell HYPE and go long on ETH: Whale's ETH long positions are down to only 36,500 ETH, worth $157 million.

Jinse Finance reported that, according to on-chain analyst Yujin's monitoring, after selling HYPE and going long on ETH, the whale only recently restored his ETH long position to 78,500 ETH after reducing his position and stopping loss during the previous drop two or three days ago. Early this morning, as ETH experienced another decline, he stopped out and reduced his position by another 41,900 ETH (177 million USD). This whale seems to be caught in a cycle: opening a long position on ETH → ETH drops, stops out and reduces position → after ETH stabilizes, adds to the position again → ETH drops again, stops out and reduces position... After multiple stop losses, he has lost 31 million USD in just 9 days... Now, his ETH long position is only 157 million USD (36,500 ETH) left, with a liquidation price at 4,099 USD.