Anonymous whale sold over $1.2 billion in BTC, causing $661 million to evaporate

Whale transfer process:

Transferred approximately 11.9K BTC (over $1.2 billion) to a sub-wallet

The sub-wallet continues to transfer all BTC into the Hyperunit wallet

All sold from the Hyperunit wallet on Binance

Notably, ETH's performance last night was the opposite of BTC

This truly is a two-way sweep 🫣

Whale wallet

https://intel.arkm.com/explorer/address/19D5J8c59P2bAkWKvxSYw8scD3KUNWoZ1C