A whale/institution sold 670 BTC and went long on ETH on Hyperliquid, with a position valued at over $300 million.

A whale/institution holding 10,606 BTC (approximately $1.21 billion) sold 670 BTC (approximately $76.38 million) in the past 20 hours and used $58.5 million in USDC across four wallets to buy 69,983 ETH in the $4,300-$4,333 range, a position valued at approximately $301 million. The institution initially withdrew 14,837 BTC from Binance and HTX in 2018, partially having sold some of it.