Whale don put $147M BTC for Hyperliquid make e swap am for ETH
For August 24, Onchain Lens spot one Bitcoin whale deposit of 1,276 BTC (about $147 million) go Hyperliquid trading platform. The whale make the deposit to swap BTC for ETH, show say e get plan to rearrange. After the swap, the whale Ethereum holdings reach 221,600 ETH, worth about $1.06 billion. This whale action show how ETH dey gain interest and also show say Hyperliquid get liquidity for large swaps. Traders fit see this move as bullish sign for ETH, as big money dey move from BTC to Ethereum.
Bullish
One big whale wey move $147M from BTC go ETH for Hyperliquid dey show say confidence for Ethereum dey grow. Big big swaps like this dey usually come before price movement. The deposit fit make the sell pressure for BTC side stronger and demand for buy side ETH dey increase for short term, while e dey show say long term trend na asset diversification go ETH. From history, when whales do reallocation, e don usually bring bullish ETH momentum.