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Ancient Whale Sells Bitcoin on Hyperliquid and Opens 23,000 Ethereum Long Position
Summary: According to reports, a wallet that withdrew 15,000 BTC from HTX and Binance 7 years ago (valued at $95 million at the time) is now selling these BTC on Hyperliquid. In the past 8 hours, it has deposited around 550 BTC (worth $62 million) to Hyperliquid and is selling them. This has caused a sudden ...
According to reports, a wallet that withdrew 15,000 BTC from HTX and Binance 7 years ago (valued at $95 million at the time) is now selling these BTC on Hyperliquid. In the past 8 hours, it has deposited around 550 BTC (worth $62 million) to Hyperliquid and is selling them. This has caused a sudden 200 basis point drop in BTC on Hyperliquid, currently trading at a 30 basis point discount compared to other exchanges. Subsequently, the seller opened a long position of 23,000 ETH (approximately $99 million) with the proceeds from selling BTC.
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Link: Ancient Whale Sells Bitcoin on Hyperliquid and Opens 23,000 Ethereum Long Position [Copy]
