hyperliquid:native The first time reducing a position is more important than the amount itself—it sets the tone. They haven’t fully exited, but their intent to reduce exposure is pretty clear. Either they’re unsure about the current price or it’s a liquidity consideration. Honestly, big money usually tests the waters a few times before making a move. If they start reducing positions continuously, then it’s really time to worry. For now, it’s more like a reminder: don’t get too carried away, institutions are already making moves.