According to Lookonchain, major wallet 0xcB92 is closing its ETH long positions to secure profits, signaling a cautious sentiment among large holders. This move could indicate short-term selling pressure on Ethereum, potentially impacting ETH price momentum and influencing other leveraged traders to reassess positions. Traders should monitor on-chain activity and price reactions closely for potential trend shifts (Source: Lookonchain, May 29, 2025).