The post Bitcoin Whale Dumps $45M BTC for Ethereum appeared first on Coinpedia Fintech News
A long-dormant Bitcoin whale has re-emerged, making significant moves that have caught the crypto market’s attention. After holding coins inactive for nearly seven years, the whale shifted more than 400 BTC (worth $45.5 million) to decentralized exchange Hyperliquid and swapped the funds for Ethereum, marking a bold pivot from Bitcoin to ETH.
Leveraged Bets Turn Into Spot Accumulation
On-chain data from Onchain Lens shows this whale has been building exposure aggressively. The address, which once withdrew 14,837 BTC ($94.9 million) years ago, not only sold chunks of Bitcoin for Ethereum but also opened massive leveraged long positions worth $295 million across four wallets, using leverage between 3x and 10x. These positions were sized between $90 million and $99 million each, highlighting the scale of conviction.
But the strategy has since shifted. According to tracking platform L
We współpracy z: https://coinpedia.org/news/bitcoin-whale-dumps-45m-btc-for-ethereum/
