Bitcoin Whale Moves 4,000 BTC to New Wallet, Deposits 2,520 BTC on Hyperliquid as 26,200 ETH Record Withdrawal Hits Exchange

COINOTAG News reported on August 23, citing Mlm Monitor, that a large Bitcoin whale moved 4,000 BTC (approximately $460 million) to a new wallet and later deposited 2,520 BTC (around $291.75 million) into HyperLiquid. The same entity reportedly withdrew 26,200 ETH (about $125 million) from HyperLiquid, a figure described as the exchange’s largest single ETH withdrawal to date. These confirmed on‑chain transfers represent significant capital flows that are relevant to exchange liquidity and institutional participation. Market participants and liquidity providers are advised to monitor on‑chain data and exchange order books for measurable effects on price discovery and market depth.