A certain ancient giant whale sold Bitcoin on Hyperliquid and opened 23,000 Ethereum long positions

ChainCatcher news, according to @mlmabc monitoring, a wallet that withdrew 15,000 BTC from HTX and Binance 7 years ago (then worth $95 million) has now started selling these BTC on Hyperliquid. In the past 8 hours, it has deposited about 550 BTC (worth $62 million) into Hyperliquid and is selling.

This caused the BTC price on Hyperliquid to drop by 200 basis points instantly, currently showing a 30 basis points discount compared to other exchanges. Subsequently, it opened a long position of 23,000 ETH (approximately $99 million) with the funds obtained from selling BTC.