Bitcoin whale converts over 1,000 BTC to Ethereum, with nearly 800 BTC remaining pending
According to data from Mlm, a whale address is in the process of converting 1,020 BTC (equivalent to about 118 million USD) to Ethereum on the Hyperliquid platform.
Notably, this wallet still holds 777 BTC (worth about 89.5 million USD) and this could be the last batch of BTC converted to ETH.