Hyperliquid Whale: Swaps 410 BTC for 13,527 ETH

Hyperliquid recorded a large whale rotation when an entity that withdrew 410.1 BTC from HTX 18 months earlier sold the entire position and converted the proceeds into 13,527 ETH at $2,523.

The bitcoin had been lifted from HTX between March and June 2025 at an average cost of $95,434; the whale routed the coins through Hyperliquid, realized 34.13 million USDC, bridged the stablecoins back to Ethereum, and executed the ETH purchase.

Price action on the 4-hour chart shows ETH testing upper Bollinger resistance at $2,545.12 while the 50-EMA sits at $2,569.44 and the 200-EMA at $2,581.96, keeping the broader structure bearish; with RSI at 53.58 and MACD registering a bullish golden cross at -11.91, a healthy retracement toward the 50-EMA support zone appears probable before any sustained continuation higher.