📊 Whale Rebalancing: BTC → ETH

According to Lookonchain monitoring, a whale/institution holding 10,606 BTC for 7 years, with a total profit of $1.12 billion, has just completed an important rebalancing action on Hyperliquid:

🔹 Deposited 300 BTC (worth $34.86 million) into the exchange, preparing to swap for ETH.

🔹 Current ETH position of the account:

135,265 ETH long contracts, average entry price $4,295, unrealized profit of about $58 million;

122,226 ETH spot, average price $4,377, paper profit of about $42 million.

Overall, after obtaining substantial returns from long-term holding of BTC, this whale is gradually shifting their assets to ETH, and has already created over $100 million in unrealized profits in the short term.

📈 Interpretation:

This is a typical case of shifting from "long-term belief in Bitcoin" to "mid-term opportunities in Ethereum".

The flow of funds may boost short-term market sentiment for ETH and also indicates that some institutional investors are increasing their confidence in allocating to ETH. #比特币巨鲸换仓以太坊 #以太坊生态山寨币普涨