A whale bought $3.5 million of Ethereum spot and opened 3 times more orders

according to lookonchain monitoring, a whale address deposited 7 million USDC into Hyperliquid 3 hours ago, including:

350 million USDC was used to spot buy 1,371.87 ETH at a price of $2,551 per coin;

Another 350 million USDC was used to open a long position on ETH with 3x leverage, with an opening price of $2,550.42.