đ MYSTERY WHALE SELLS 410.14 BTC AND ROTATES INTO ETH đ
On-chain data shows a large trader moving out of Bitcoin and into Ether. Here are the details. đ
The move:
đŽ Sold 410.14 BTC (~$34.16M) on Hyperliquid
đą Bought 14,341 ETH (~$36.14M) through DEXs
âïž Slightly more went into ETH than came out of BTC
đ That works out to roughly $83.3K per BTC and ~$2,520 per ETH (my estimate from the reported totals)
Wallet activity seen on-chain:
đ Several tokenized BTC transfers into the whaleâs addresses
đ An address received 874,576 USDC through Hyperliquidâs bridge
đ Two addresses received about 865 ETH and 827 ETH from Uniswap
Market context:
đ ETH is around $2,550, up about 1.9% in 24 hours but down about 6% over 7 days
đ About $48M in ETH futures were liquidated in 24 hours, mostly shorts
đ This comes after US spot ETH ETFs saw $542M in net outflows last week, so this whale is buying while the funds were selling
The caution:
â ïž The whaleâs identity and motive are unknown
â ïž Itâs one wallet, not a trend. Whales get things wrong too
â ïž We donât know if this is a long-term rotation or a short-term trade\
#MYSTERYWHALE #WHALEALERT #ETHERUM
$ETH
$BTC
On-chain data shows a large trader moving out of Bitcoin and into Ether. Here are the details. đ
The move:
đŽ Sold 410.14 BTC (~$34.16M) on Hyperliquid
đą Bought 14,341 ETH (~$36.14M) through DEXs
âïž Slightly more went into ETH than came out of BTC
đ That works out to roughly $83.3K per BTC and ~$2,520 per ETH (my estimate from the reported totals)
Wallet activity seen on-chain:
đ Several tokenized BTC transfers into the whaleâs addresses
đ An address received 874,576 USDC through Hyperliquidâs bridge
đ Two addresses received about 865 ETH and 827 ETH from Uniswap
Market context:
đ ETH is around $2,550, up about 1.9% in 24 hours but down about 6% over 7 days
đ About $48M in ETH futures were liquidated in 24 hours, mostly shorts
đ This comes after US spot ETH ETFs saw $542M in net outflows last week, so this whale is buying while the funds were selling
The caution:
â ïž The whaleâs identity and motive are unknown
â ïž Itâs one wallet, not a trend. Whales get things wrong too
â ïž We donât know if this is a long-term rotation or a short-term trade\
#MYSTERYWHALE #WHALEALERT #ETHERUM
$ETH
$BTC