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Bitcoin Ancient Whale Sells $295 Million ETH Long Positions, Continues Selling BTC for ETH

Summary: According to Lookonchain monitoring, a Bitcoin ancient whale sold 550 BTC leveraged long positions to buy Ethereum, reducing its 68,130 ETH holdings (approximately $295 million) and converting to buying ETH spot. In the past 6 hours, it also deposited 1000 BTC (approximately $11.395 million) into Hyperliquid to purchase ETH, and has bought 19,794 ETH (approximately ...

According to Lookonchain monitoring, a Bitcoin ancient whale sold 550 BTC leveraged long positions to buy Ethereum, reducing its 68,130 ETH holdings (approximately $295 million) and converting to buying ETH spot.

In the past 6 hours, it also deposited 1000 BTC (approximately $11.395 million) into Hyperliquid to purchase ETH, and has bought 19,794 ETH (approximately $85 million) so far.

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