Bitcoin Whale Shifts $45 Million to Ethereum: From Leverage to Spot Buy

A long-dormant Bitcoin whale has re-emerged, initiating major moves that are causing ripples in the crypto market. After holding over 7 years worth of Bitcoin inactive, this whale transferred a substantial amount – more than 400 BTC ($45.5 million) – to decentralized exchange Hyperliquid and swapped it for Ethereum. This shift represents a clear strategic pivot from Bitcoin to ETH, marking an aggressive move towards the leading cryptocurrency.