Bitcoin Whale Converts 1,020 BTC ($118M) to ETH — Remaining 777 BTC on Hyperliquid Could Be Final Batch

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

COINOTAG reported on August 23 that Mlm Monitor identified an on-chain conversion by a Bitcoin whale, transferring 1,020 BTC (roughly $118 million) into ETH. Blockchain records indicate the same wallet retains 777 BTC (about $89.5 million) on the Hyperliquid venue, as captured by the monitoring service.

On-chain analytics firms treat such sizable transfers as material data points for liquidity and portfolio allocation analysis; the documented movement is verifiable on-chain and provides concrete flow information for researchers and traders observing whale activity and cross-asset conversion patterns.

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