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Ancient Whale operations attract attention: dumping 2970 BTC and going long on ETH
[Block Rhythm] On August 22, it was reported that today, an ancient Whale is heavily dumping BTC and going long on ETH, with initial funding sourced from a certain platform that has been criticized multiple times by on-chain detectives.
The ancient whale has sold 2,970 BTC (approximately $334 million) in the past 24 hours, bought 50,470 ETH spot (approximately $215 million), and simultaneously gone long on 135,263 ETH (approximately $575 million) on Hyperliquid.
According to previous reports, on February 26, 2024, the hot wallet of a certain trading platform recorded an outflow of approximately 56 million USD on February 23. Shortly after this outflow occurred, user withdrawal requests encountered processing delays, and the platform has not released any official announcements to date.
On July 20, 2024, the trading platform announced that it would reopen withdrawal services after a five-month suspension due to an investigation, but trading and deposits would remain suspended, and withdrawals would require KYC verification.