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A certain Bitcoin ancient Whale reduced its long positions by 295 million USD in ETH, continuously selling BTC to exchange for ETH.
On August 21, according to Lookonchain monitoring, this morning, an ancient whale selling 550 Bitcoins leveraged long on Ethereum is reducing its holdings of 68,130 ETH (approximately 295 million USD) long order and switching to buying ETH spot. In the past 6 hours, it has deposited 1,000 BTC (approximately 113.95 million USD) into Hyperliquid to purchase ETH, and so far has bought 19,794 ETH (approximately 85 million USD).