According to ChainCatcher, as monitored by Lookonchain, a Bitcoin early whale holding 68,130 ETH (worth $295 million) is closing leveraged long positions and shifting to spot purchases of ETH.
In the past six hours, this address deposited 1,000 BTC (worth $113.95 million) to the HyperLiquid platform and purchased 19,794 ETH (worth $85 million).