COINOTAG reported on August 26 that LookIntoChain monitoring identified a transfer of 968 BTC (about $106.44 million) into Hyperliquid roughly 30 minutes earlier. On-chain analytics characterize the sender as a long-dormant Bitcoin whale, with the movement recorded into a liquidity venue monitored by market surveillance.
Per the same monitoring, the address is executing sales of BTC to acquire ETH spot, a reallocative trade visible on-chain. Market participants and trading desks tracking liquidity and order-book depth should consult the COINOTAG and LookIntoChain reports for the confirmed flow data; all figures cited originate from those sources.