Bitcoin ‘Ancient Whale’ Deposits 300 BTC to Hyperliquid While Sitting on $84M Unrealized Gains from 135,265 ETH

LookIntoChain monitoring shows a Bitcoin whale has deposited 300 BTC (≈$34.78M) into Hyperliquid, signaling increased activity on the liquidity venue. Over the past three days the account is reported to have accumulated approximately $84M in unrealized gains, driven by sizable Ethereum exposure: a long position of 135,265 ETH (≈$581M) with an average entry price of $4,295, reflecting a mark-to-market gain near $49M, and a spot holding of 100,979 ETH (≈$435M) entered at an average of $4,309, showing roughly $35M in position gains. Market participants tracking whale flows and ETH holdings will likely monitor subsequent on-chain movements and order-book impact at Hyperliquid for liquidity and execution implications.