Institutional Whale Now Holding 118,277 ETH Spot and 135,265 ETH Derivatives After 10,606 BTC Hyperliquid Bet

COINOTAG News (Aug. 23) reports that on-chain monitoring by Onchain Lens identified a long-term whale/institution that has held 10,606 BTC for up to seven years and previously deployed positions on Hyperliquid, realizing an aggregate profit of $1.12 billion. The same entity’s active position currently shows an unrealized gain of approximately $161 million. Current portfolio disclosures indicate a spot holding of 118,277 ETH (~$571 million) with an estimated profit of $87 million, alongside a derivatives long of 135,265 ETH (~$653 million) carrying about $73 million in profit. These figures reflect on-chain balances and realized/unrealized P&L as reported by the monitoring service.