#BTCWhalesMoveToETH A long-dormant Bitcoin wallet—holding 100,784 BTC for around seven years—has suddenly become active. The whale recently began unloading substantial amounts of Bitcoin and converting them into Ethereum.

Over the past few days, this whale has transferred approximately 22,769 BTC (around $2.59 billion) to the Hyperliquid platform. In exchange, it acquired 472,920 ETH (about $2.22 billion) and opened a large long position of 135,265 ETH (around $577 million) .