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A certain Bitcoin ancient whale has reduced a $2.95 billion ETH long position, continuously selling BTC to exchange for ETH

By: theblockbeats.news|2025/08/21 09:52:05

BlockBeats News, August 21st. According to LookIntoChain monitoring, this morning, a Bitcoin ancient whale who sold 550 BTC leveraged long positions on Ethereum is reducing its holdings of 68,130 ETH (approximately $295 million) long positions and switching to buying ETH spot.

In the past 6 hours, it has deposited 1000 BTC to Hyperliquid (approximately $113.95 million) to purchase ETH. As of now, it has bought 19,794 ETH (approximately $85 million).

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