Today, whales have been active on several fronts. First, large wallets added more than 20,000 BTC, accumulating a total of over 225,000 BTC since March, according to data from Santiment. In Ethereum, institutional investors and whales withdrew nearly USD 882 million in ETH through OTC trades and transfers from exchanges. Additionally, a single participant deposited USD 1.35 million in USDC on the Hyperliquid platform to open leveraged positions—25× in ETH, 40× in BTC, and 5× in PUMP—showing strong bullish conviction.