Attention, everyone! Two key on-chain signals to watch: (1) Hyperliquid whales have been reducing their positions. Data from the past few weeks shows that these smart money players have scaled back some of their extreme net long positions from 2026, suggesting their expectations for future upside might be less aggressive. (2) Warning signal: A dormant whale address woke up on July 13 after 7 years, transferring 2,931 BTC (around $188 million), with nearly 10x unrealized gains. CryptoQuant data shows the proportion of whale inflows to exchanges is steadily rising, historically linked to selling pressure.