According to @lookonchain, wallet 0xF73a swapped another 404 BTC (38.62M USD) for 11,533 ETH, bringing the three-day total to 686 BTC (65.59M USD) for 19,631 ETH. Source: x.com/lookonchain/status/2012074591792087355; x.com/lookonchain/status/2011342447302115553; thorchain.net/address/0xF73a4EbC3d0984F166AC215471Cc895cB4F5cc21 A separate whale exchanged 282.17 BTC (26.33M USD) for 8,098 ETH today, per @lookonchain. Source: x.com/lookonchain/status/2011342447302115553 For traders, these on-chain BTC-to-ETH rotations reflect direct ETH spot buying; monitor ETH/BTC spot, perp basis, THORChain liquidity, and whale address 0xF73a for flow continuation and liquidity conditions. Source: @lookonchain on X; thorchain.net/address/0xF73a4EbC3d0984F166AC215471Cc895cB4F5cc21

According to @lookonchain, the Bitcoin OG who previously accumulated 837,429 ETH worth about $3.85B has deposited 1,000 BTC worth about $108.08M into Hyperliquid on Sep 1, 2025. source: @lookonchain The flow is described as preparation to dump BTC and buy ETH spot on Hyperliquid. source: @lookonchain

According to @EmberCN, an ETH swing whale purchased 4,201 ETH in the past 30 minutes using 20,000,000 USDT, indicating sizable spot demand on the USDT side; source: @EmberCN. The same wallet today re-bought a total of 14,931 ETH for 70,596,000 USDT at an average price of $4,728 after selling ETH one week ago at $3,835; source: @EmberCN. Based on the reported figures, the latest 4,201-ETH tranche executed near $4,762 per ETH (20,000,000 ÷ 4,201), underscoring concentrated on-chain whale accumulation in ETH; source: @EmberCN.