A large whale account is adjusting positions, with liquidations reaching up to $17M while holdings remain heavy.

Blockchain monitoring report: In the past day, a significant whale address conducted a partial liquidation that caused major movements in the market. This liquidation event triggered interest from the crypto community due to the large amount of assets involved.

Details of liquidation activity

The whale address liquidated a large portion of its long positions:

• 431,000 HYPE tokens ($11.1 million based on liquidation timing)
• 1,960 ETH ($5.6 million in equivalent value)

The total liquidated positions have reached approximately $17 million, signaling potential market pressure or risk management strategy by the large player.

Continuing large holdings

Despite the partial liquidation, the whale account remains heavily invested:

In the primary account:

• 1.726 million HYPE tokens (approximately $44.6M equivalent)
• 7,841 ETH (approximately $22.3M equivalent)

In its secondary account:

• XRP and ETH long positions with a combined nominal value of ~$230 million

This shows that the address maintains significant exposure to the market despite the liquidation event.

Market implications

The partial liquidation by the large whale may indicate:

• Risk management adjustments amid increasing market volatility
• Potential rebalancing of portfolio allocation
• Possible preparations for market uncertainty

Its continued heavy holdings suggest it is not entirely bearish on large tokens like HYPE, ETH, and XRP. The magnitude of its positions remains significant enough to influence market movements depending on future actions by this whale.