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A mysterious Bitcoin whale sold approximately $34.16 million worth of Bitcoin, then bought about $36.14 million worth of Ethereum.
On-chain data shows that an anonymous Bitcoin whale sold 410.14 Bitcoins (worth approximately $34.16 million) via the decentralized trading protocol Hyperliquid, and subsequently bought 14,341 Ethereum (worth approximately $36.14 million) via a decentralized exchange. This move occurred as Ethereum outperformed Bitcoin in the past 24 hours, and activity in the Ethereum derivatives market increased.
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