News
Bitcoin whale sells $34M BTC to buy $36M ETH
An anonymous Bitcoin whale transferred roughly 410.14 BTC, valued at about $34.16 million, to the decentralized trading platform Hyperliquid. The same investor then purchased approximately 14,341 ETH, worth $36.14 million, through various decentralized exchanges. Lookonchain data shows multiple UBTC transfers from Hyperunit to the whale’s addresses and a receipt of 874,576 USDC via Hyperliquid’s Bridge2 contract. Additional ETH inflows include about 865.07 ETH ($2.2 million) and 827.23 ETH ($2.1 million) received from Uniswap’s V2DutchOrderReactor contract. At the time of reporting, ETH was trading near $2,553, up 1.85 % over 24 hours, while BTC rose 0.93 % in the same period. The activity coincides with heightened Ethereum futures volume of $23.15 billion and open interest of $32.06 billion, alongside $48.12 million in recent ETH futures liquidations.