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A certain ancient Whale is selling Bitcoin on Hyperliquid and has opened a long order for 23,000 Ether.

GateNews

2025-08-20 17:45:48

HYPE2,5%

BTC4,97%

ETH5,86%

BlockBeats news, on August 21, according to @mlmabc monitoring, a wallet that withdrew 15,000 BTC from HTX and Binance 7 years ago (worth 95 million USD at that time) has now started selling these BTC on Hyperliquid. In the past 8 hours, it has deposited about 550 BTC (worth 62 million USD) into Hyperliquid and is selling. This caused the BTC on Hyperliquid to fall by 200 basis points in an instant, and there is currently a 30 basis point discount compared to prices on other exchanges. Subsequently, it opened a long order of 23,000 ETH (about 99 million USD) with the funds obtained from selling BTC.

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Comment

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GateUser-00581a7e

· 2025-08-20 17:47

Ape In 🚀

Reply0

GateUser-00581a7e

· 2025-08-20 17:47

1000x Vibes 🤑

Reply0