2,000 BTC Whale Deposits $217M into Hyperliquid to Buy ETH Spot — LookIntoChain Reports

COINOTAG reported on August 30 that LookIntoChain monitoring detected a high-profile, long-standing BTC holder who recently reallocated into ETH. On-chain records show the address moved a total of 2,000 BTC (approximately $217 million) into Hyperliquid within the past hour to sell BTC and acquire ETH spot positions, according to analytics data.

Such a sizable transfer represents a notable capital flow that could affect platform liquidity and order-book depth on Hyperliquid. Institutional traders and market makers are advised to monitor the BTC whale activity and execution patterns for real-time insights into supply-demand dynamics, while recognizing the transfer itself does not guarantee specific market pricing outcomes.