COINOTAG, citing on-chain monitoring, reports that two large Bitcoin addresses have liquidated a combined 18,142 BTC — roughly $2.04 billion at current prices — while an associated entity is selling a remaining 5,968 BTC (≈$670 million), with 4,968 BTC reportedly still held outside Hyperliquid.
The same monitoring indicates significant accumulation in Ethereum, with the entity acquiring 416,598 ETH (≈$1.98 billion) and carrying a long position of 135,263 ETH (≈$642 million) on perpetual contracts551,861 ETH (≈$2.62 billion).
Of the acquired 416,598 ETH, approximately 275,500 ETH (≈$1.3 billion) has been placed in staking, a detail market participants are monitoring for its implications on liquidity and broader on-chain flows.