ChainCatcher reported, according to monitoring by Onchain Lens, a Bitcoin ancient whale who had previously been swapping Bitcoin for Ethereum has now deposited 3,000 BTC into HyperLiquid and started converting it into the stablecoin USDC. So far, this whale has sold 960.57 BTC in exchange for 116 million USDC. The whale still holds 46,765 BTC (worth 5.7 billion USD).