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@EmberCN The fact that the mining pool owner is proactively reducing leverage at this point indicates that he's not so confident about a sustained short-term surge. However, he still holds 65,000 ETH, suggesting he's not bearish but simply doesn't want to gamble on the market direction with leverage, thus adjusting his position to a more comfortable state.

@EmberCN You've removed the leverage but still have 65,000 ETH; this is very skillful position management.

@EmberCN Repaying loans during an upward trend is a typical risk management strategy, reducing leverage and avoiding liquidation risks from subsequent pullbacks. It does not equate to being bearish on the market outlook.

@EmberCN Ancient Giant Whale

@EmberCN It would be great if you could also mention the cost when he bought it.

@EmberCN The core of this type of operation is not guessing the direction, but seeing if the liability side has been truly compressed: exchange transfers, stablecoin inflows, loan repayments, and remaining spot holdings should be checked separately. Only if the collateral ratio improves and no leverage is rebuilt elsewhere can the risk be considered reduced. Hyperbot can further observe whether large ETH positions on Hyperliquid are shrinking in tandem.

@EmberCN Wang Chun's trading is still very sharp. He bought ETH at the bottom around April 2025 and made a profit. He's bought ETH at the bottom again in the last few months and made another profit.

@EmberCN I bet nobody's having more fun than me 🥖♟️ I'm not being shady, just look!

@EmberCN Credit for the address. Most of these make you take the wallet on faith. Then the arithmetic. 12,765 ETH in at 28.73M. 87.68M USDC out. The deposit covers a third of the withdrawal. The other 58.95M came from somewhere this post does not name.

@EmberCN I bet nobody's having more fun than me 🍊😗 I'm not being shady, just look!

@EmberCN I doubt anyone's had more fun than me 📍🐶 I'm not shady, just look!

@EmberCN I bet nobody's having more fun than me ❄️🐨 I'm not being shady, just look!

@EmberCN I doubt anyone has had more fun than me 🧃💅 I'm not being shady, just look!

@EmberCN I'm so horny 🪴😸 Anyone want to give me a sharp critique of my luck?

@EmberCN I bet nobody's having more fun than me ⛹️🩻 I'm not being shady, just look!

@EmberCN, experienced swing trader

@EmberCN I bet nobody's having more fun than me 🌤️🎼 I'm not being shady, just look!

@EmberCN I'm so lewd 🖐️🚲 Anyone want to give a sharp critique of my luck?

@EmberCN I bet nobody's having more fun than me 🧩🍰 I'm not being shady, just look!

@EmberCN This is the lowest point in 25 years; it was all perfectly timed bottom-fishing.

@EmberCN I'm so cheesy 🥐😊 Anyone want to give me a sharp critique of my luck?

@EmberCN That's deleveraging into strength, not distribution. Smart exit while bid is thick. The tell: if he unstakes and the $ETH options stack is +30 bullish into $2,500, someone's absorbing that flow without moving price. Ask who.

@EmberCN I bet nobody's having more fun than me 📱💫 I'm not being shady, just look!

@EmberCN I doubt anyone has had more fun than me 🌵🍐 I'm not being shady, just look!

@EmberCN I'm so lewd 🪇🥯 Anyone want to give me a sharp critique of my luck?

@EmberCN I bet nobody's having more fun than me ⛅🐸 I'm not being shady, just look!

@EmberCN I bet nobody's having more fun than me 🏄🍝 I'm not being shady, just look!

@EmberCN How can you confirm that it's Wang Chun's address?