Multiple Bitcoin whales continue depositing BTC into Hyperliquid to purchase ETH, with recent transactions totaling over $140 million as institutional interest in Ethereum grows.
Bitcoin whales have made multiple significant deposits to Hyperliquid for ETH purchases, including a recent 968 BTC deposit worth $106.44 million and earlier transactions of 6,000 BTC. These whales are systematically converting Bitcoin holdings to Ethereum, with one whale accumulating 278,490 ETH valued at approximately $1.28 billion. The pattern demonstrates continued institutional rotation from Bitcoin to Ethereum across major trading platforms.