High-profile ETH Whale Swaps 1000 BTC to Bitcoin Ancient Whale deposits into Hyperliquid or to increase ETH holdings

On August 26th, as per on-chain data, the previously highly visible Bitcoin ancient whale that had been rebalancing into ETH is currently in the process of transferring the remaining 1,968 BTC (approximately $220 million). It was just that they had deposited 1,000 BTC (approximately $110 million) into Hyperliquid, and the deposit is still ongoing. This part of the funds may be used to further enhance their ETH holdings. Previously, the whale had sold a total of 22,142 BTC on Hyperliquid, amounting to $2.48 billion. In addition, four days before starting to shift into ETH, they also sold 3,000 BTC (approximately $336 million) through an over-the-counter (OTC) trading platform. The whale has accumulated a total of 544,977.69 ETH, valued at $2.45 billion (calculated with BTC at $112,000 and ETH at $4,500). As of the time of this writing, the whale has staked the 544,981 ETH they hold.