Whales/institutions holding 10,606 BTC ($1.21 billion) sold 670 BTC ($76.38 million) in the past 20 hours and then went long on 69,983 ETH in the price range of $4,300-$4,333, with a position value of $301 million.

1. He initially withdrew 14,837 BTC from Binance and HTX at an average price of $7,242 in May-June 2018, which was worth $107 million at that time. A portion of the BTC was sold over the past few years, and as of yesterday, he still held 10,606 BTC, valued at up to $1.21 billion.

2. Starting yesterday, he gradually transferred 670 BTC ($76.38 million) to Hyperliquid for sale in exchange for USDC, and then went long on ETH.

3. Currently, through 4 wallets, he has gone long on a total of 69,983 ETH with 58.5 million USDC, with the opening price in the range of $4,300-$4,333, and the position value is $301 million.

BTC deposited into Hyperliquid addresses:

bc1p4e6xcsful5eemu5h2lk0fycjf7p9565wh5musvwd9qhldlu6v4xsevcnxh

bc1p3vl44ee7yx5n60dxglpzlfhp59jnwjeskmhs4ec465y6gkx8eksqltfjf2

Addresses for going long on ETH:

0x2eA18c23F72a4b6172c55B411823cdc5335923F4

0xcc0c740445Ece706A625a07a0aB771B517dEe969

0x952044Eb3C860B00778EA414670a6C8C22f84ac6

0x3f7bAC9E92818eD337685f55dFb627eF48C28027