According to on-chain analytics, a high-profile BTC insider whale moved a colossal stash of ETH, relocating 614,468 ETH—roughly $1.8 billion—to nine separate wallets. The transfer signals a strategic reallocation rather than a liquidation, as observed by industry trackers.
Per current position data on HyperLiquid, the address maintains long exposure across Ethereum, Bitcoin, and SOL, with a combined notional around $694 million. The position carries an unrealized loss of more than $37 million, highlighting volatility in cross-asset crypto hedges.
Market watchers note that such on-chain activity can inform risk management and liquidity dynamics in the crypto space, while practitioners emphasize disciplined wallet diversification and transparent reporting to curb speculative narratives.
Source: https://en.coinotag.com/breakingnews/eth-whale-moves-1-8b-as-btc-og-insider-transfers-614468-eth-across-9-wallets-revealing-694m-longs-on-hyperliquid-and-a-37m-unrealized-loss
