Cryptocurrency whale 0x76AB has made a significant move in the Ethereum market by selling 1,654 ETH for $5.49 million USDC. Following the sale, the whale deposited the proceeds into Hyperliquid and initiated a leveraged position, going 7x long on 11,543 ETH, valued at approximately $38.4 million. The position has a liquidation price set at $2,907.6, indicating a strategic bet on Ethereum's price movement.