According to @lookonchain, a Bitcoin OG deposited another 300 BTC worth about $34.86M into Hyperliquid roughly an hour ago to sell for ETH (source: @lookonchain). The trader holds a 135,265 ETH long with a $4,295 average entry, showing about $58M in unrealized profit as cited (source: @lookonchain). They also bought 122,226 ETH spot at a $4,377 average, with about $42M in unrealized profit reported (source: @lookonchain). Total ETH exposure stands at 257,491 ETH valued around $1.116B based on the cited marks, with aggregate unrealized profits exceeding $100M, indicating an ongoing rotation from BTC to ETH by this wallet on Hyperliquid (source: @lookonchain).

According to Crypto Rover on Twitter, there is a notable capital rotation occurring from Bitcoin (BTC) to Ethereum (ETH), as evidenced by recent trading flows and volume data (source: Crypto Rover, June 9, 2025). Traders should monitor ETH/BTC pairs closely for momentum shifts, as these rotations often precede significant price movements in altcoins. This trend suggests growing institutional and retail interest in Ethereum, potentially impacting short-term trading strategies and portfolio allocations across the crypto market.

According to Ai 姨 (@ai_9684xtpa), a whale wallet (0x394...5Be6D) swapped 60.295 WBTC for 3151.85 ETH in the past two hours at a trading price of $94,263 per WBTC, amounting to $5.68 million in total value. This significant shift from Bitcoin to Ethereum could influence near-term ETH price action and indicates a strategic rotation by large holders. Traders should monitor ETH and WBTC order books for volatility and potential liquidity changes following this transaction (source: Ai 姨 on Twitter, May 1, 2025).