Bitcoin Whale Move 3,000 BTC to ETH for HyperLiquid
For August 30–31, Onchain Lens data show say one dormant Bitcoin whale dey do three BTC to ETH swaps for HyperLiquid, dem move total of 3,000 BTC (~$325 million) go Ethereum. The whale start by deposit 2,120 BTC, convert 1,000 BTC for di first swap, then carry out two more 1,000 BTC to ETH swaps within eight hours. Dis Bitcoin whale action show say big holders get more bullish spirit for ETH and e fit add selling pressure for Bitcoin supply. Traders make dem watch for extra whale-driven BTC to ETH swaps, check deposit flows on HyperLiquid, and track ETH order book changes for short-term trading chances.
Bullish
Di ongoing big big BTC to ETH swap we one Bitcoin whale dey do dey show clear shifting of money enter Ethereum. For short time, every 1,000 BTC wey dem convert dey increase ETH demand for HyperLiquid, dey drive price up because of concentrated buying pressure. For longer time, repeated whale-driven BTC to ETH swap dey signal say institutional people or rich people dey gain confidence for Ethereum future, fit build stronger bullish momentum. Traders fit expect more wahala around more whale flows and dem suppose dey check order books and deposit metrics to find entry points.