Ancient Bitcoin Whale Sells $116M in BTC via HyperLiquid
An on-chain analyst reports a large transfer and purchase of Bitcoin through Hyperliquid, emphasizing the increasing role of institutional investors in the market.
BTC
USDC
HYPE
Fact Check
Multiple sources directly corroborate the statement. Specifically, sources from Bitget and Chaincatcher state that a whale sold 960.57 BTC for '116 million USDC' on the HyperLiquid platform. Other sources add context, referring to 'ancient', 'old BTC', or 'dormant' wallets making large sales on the same platform, which strongly supports all elements of the claim.
Summary
On October 10, 2025, on-chain analyst Yu Jin revealed that a whale transferred 39.33 million USDC to four wallets on the Hyperliquid platform and acquired 323.5 BTC at an average price of $121,570 per coin. Afterward, the Bitcoin was withdrawn to the Bitcoin blockchain, showcasing the growing institutional interest in the digital asset market.
Terms & Concepts
- USDC: A US dollar-pegged stablecoin used for digital transactions, aiming to maintain a 1:1 value with the US dollar.
- HyperLiquid: A cryptocurrency trading platform where digital assets can be exchanged, including for stablecoins like USDC.