BlockBeats reported on August 21, according to @mlmabc monitoring, a wallet that withdrew 15,000 BTC from HTX and Binance 7 years ago (then worth $95 million) has started selling these BTC on Hyperliquid. In the past 8 hours, it has deposited about 550 BTC (worth $62 million) into Hyperliquid and is in the process of selling.
This caused BTC on Hyperliquid to drop by 200 basis points in an instant, currently showing a 30 basis point discount compared to other exchanges. Subsequently, he opened a long position of 23,000 ETH (approximately $99 million) with the funds obtained from selling BTC.
