According to Lookonchain's monitoring, a long-silent Bitcoin holder who possessed 100,784 BTC seven years ago has now become active again. On-chain data shows that this entity sold Bitcoin, executed a spot purchase of 62,914 ETH, and opened a leveraged position of up to 135,265 ETH, marking a significant capital reallocation in the cryptocurrency market.

Lookonchain also identified a second veteran Bitcoin whale who deposited BTC into Hyperliquid and exchanged it for ETH; this wallet received 85,947 BTC seven years ago. The monitoring service indicated that there may be a connection between these two clusters, and current on-chain tracking shows that six associated wallets currently hold 83,585 BTC.