Bitcoin Ancient Whale Transfers 1,176 BTC (~$136.4M) to Hyperliquid After Two-Week Silence, Likely Converting to ETH

Onchain Lens reported that an Bitcoin ancient whale moved 1176 BTC (about $136.4 million) to the custody of Hyperliquid following a two-week inactivity period. Chain data confirms the transferred balance remains on the platform at the time of reporting, a detail of interest for liquidity and custody monitoring in crypto news. Market participants and risk managers should monitor exchange supply metrics, order book depth and funding rates to assess any potential implications for short-term market microstructure without assuming immediate execution.