According to COINOTAG (Aug 23) and Onchain Lens monitoring, over the past six hours a long-dormant Bitcoin whale deposited 2,520 BTC (approximately $291.75 million) into centralized liquidity venue HyperLiquid to execute a sell-and-swap into ETH.

On-chain records indicate the same address now holds 153,320 ETH (approximately $724.1 million), representing a measurable reallocation from BTC to ETH that is fully traceable through deposit and receipt transactions.

Professional desks and on-chain analysts track such sizable movements for actionable intelligence on institutional portfolio rebalancing and short-term liquidity dynamics; verified flow data from Onchain Lens offers concrete metrics for risk assessment and market modelling.