A major whale closed its long positions in BTC and ETH and instead bought over 12,000 ETH in the spot market.

CoinFeed reported on March 15th that, according to on-chain analyst Yu Jin, a whale has closed out its long positions in BTC and ETH futures contracts on Hyperliquid and instead purchased ETH spot. It closed out 20,000 ETH and 600 BTC long positions (worth $84 million), making a profit of $2.75 million; and then spent $24.87 million to purchase 12,027 ETH spot, at an average price of $2,068.