According to lookonchain monitoring, a long-dormant Bitcoin holder that received 100,784 BTC seven years ago has reactivated. On-chain data show the entity sold Bitcoin, executed a spot purchase of 62,914 ETH, and opened leveraged exposure up to 135,265 ETH, representing a notable redeployment of capital across crypto markets.
Lookonchain additionally identified a second veteran Bitcoin whale that deposited BTC into Hyperliquid to convert into ETH; that wallet received 85,947 BTC seven years prior. The monitoring service notes the two clusters may be linked, and current on-chain tracking shows six associated wallets now hold 83,585 BTC.