Bottom line: The news is just a catalyst; structure is what matters.
The Hyperliquid address 0x020ca6...5872 holds an ETH long position, with a notional value of approximately $93.5595 million.
$ETH is currently at 2567.13, down 1.84% over 24 hours.
With bearish news, first watch whether the previous low holds. If it breaks, look to the next support level.

#EthereumSpotETFRecords$161MillionInSingleDayNetOutflows #ETH

DYOR and trade rationally.