ETH Whale Moves $1.8B as BTC OG Insider Transfers 614,468 ETH Across 9 Wallets, Revealing $694M Longs on HyperLiquid and a $37M Unrealized Loss

According to on-chain analytics, a high-profile BTC insider whale moved a colossal stash of ETH, relocating 614,468 ETH—roughly $1.8 billion—to nine separate wallets. The transfer signals a strategic reallocation rather than a liquidation, as observed by industry trackers.

Per current position data on HyperLiquid, the address maintains long exposure across Ethereum, Bitcoin, and SOL, with a combined notional around $694 million. The position carries an unrealized loss of more than $37 million, highlighting volatility in cross-asset crypto hedges.

Market watchers note that such on-chain activity can inform risk management and liquidity dynamics in the crypto space, while practitioners emphasize disciplined wallet diversification and transparent reporting to curb speculative narratives.