I spent half the day discussing this with a friend: On-chain analyst: A whale opened a long position of 24,500 ETH over the past two days and is currently down $3.5 million.
At times like this, the worst thing you can do is trade emotionally. If you need to reduce your position, stick to your plan.
This reminded me of a similar piece of news from the past, when the market moved differently than everyone expected.
$ETH latest: 2063.02, down 2.48% on the day.

Just my personal observation, not investment advice.