Spot gold drops to $3,960 per ounce, down over 1% intraday.

The "whale" who held onto their position has closed their ETH short, with only $570,000 remaining in the account.

U.S. stocks continue to rise, with the Nasdaq up 1%

U.S. Treasury yields continue to rise, with the 10-year yield up 6.6 basis points on the day, reported at 4.157%.

Data: "Whale Holding Short Positions" Reduces Ethereum Short Position by 3,000 ETH, Current Position Valued at Approximately $27.4 Million