An Ancient Whale Sells Another 2,970 BTC and Goes Long on ETH, with Long Positions Exceeding 185,000 ETH
According to ChainCatcher, on-chain data shows that a wallet which withdrew 15,000 BTC from an exchange seven years ago (then worth $95 million) has sold another 2,970 BTC (approximately $334 million) in the past 24 hours, purchased 50,470 spot Ethereum (about $215 million), and opened a long position of 135,263 Ethereum (around $575 million) on Hyperliquid.
As a result, the wallet's total nominal exposure to Ethereum has reached 185,733 ETH (about $790 million).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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