A major holder recently closed positions in batches, selling 2,450 ETH for a profit of $301,000. They still hold 8,800 ETH, with an unrealized profit of $1,597,000, and have placed limit take-profit orders in the $3,350-$3,400 range. At the same time, they have a heavy position of 205,000 HYPE tokens, with an unrealized profit of $83,000, demonstrating confidence in both assets.