TechFlow news, on August 23, according to Lookonchain monitoring, a whale/institution that has held 10,606 BTC for seven years and realized a profit of $1.12 billion transferred 300 BTC (approximately $34.86 million) to Hyperliquid one hour ago to sell and rotate into ETH.
It currently holds a long position of 135,265 ETH (worth approximately $581 million) at an average entry price of $4,295, with an unrealized profit of $58 million. It also purchased 122,226 ETH (approximately $535 million) in spot at an average price of $4,377, showing an unrealized profit of $42 million.
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