According to Lookonchain, a Bitcoin OG sold 172.9 BTC (about $19.47M) roughly an hour ago to buy 4,567 ETH spot (source: Lookonchain on X). Over the last two days, the same address accumulated 55,039 ETH spot worth about $237M and opened a 135,265 ETH long position worth about $577M (source: Lookonchain on X). Based on Lookonchain’s reported notionals, the implied ETH spot buy price is approximately $4,264 and the ETH long entry is approximately $4,267, with combined spot plus long notional near $814M (source: Lookonchain on X).

According to @lookonchain, whale address 0x720A exited Hyperliquid with a substantial profit of $13.6 million and subsequently shifted strategy by halting perpetuals trading and purchasing 3,322 ETH, equivalent to $12.84 million, on the spot market. This large-scale spot accumulation signals increased confidence in Ethereum (ETH) price stability and could trigger bullish sentiment among traders as significant whale movements often influence short-term price action and market liquidity (source: @lookonchain).