Bitcoin whale sells nearly $2.6 billion BTC for ETH after 7 years

According to HashKey, a Bitcoin OG who acquired 100,784 BTC 7 years ago (worth $642 million at the time, now valued at $11.4 billion) is now frantically selling BTC to hold ETH. In the past 5 days, they deposited about 22,769 BTC (worth $2.59 billion) into Hyperliquid for sale, and subsequently purchased 472,920 ETH (worth $2.22 billion) in spot, establishing a long position of 135,265 ETH (worth $577 million).