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Katie_OKX
Katie_OKX
#OGWhaleDumps1.35BETH A wallet tagged "BTC OG Whale" broke 8 years of silence β€” and moved 577K ETH (~$1.35B) to exchanges in just 4 days πŸ‹ The final 225K ETH (~$528M) landed today, May 11. Three new addresses pulled ~$700M USDT from exchanges in the same window, suspected proceeds. Unconfirmed, but the timing is hard to ignore πŸ‘€ Context: this same whale got liquidated on a Hyperliquid ETH long in February, losing ~$230M. The full ETH stack is now gone. But 11.5K BTC (~$934M)? Still untouched on-chain πŸ”’ Three questions worth asking: β†’ Dumped all ETH. Kept all BTC. This whale is voting with their feet β€” how do you read the ETH vs BTC divergence thesis from here? πŸ€” β†’ A $230M Hyperliquid liquidation followed by a full spot exit β€” does a blow-up like that cause large players to systematically exit the ETH ecosystem? πŸ“‰ β†’ $1.35B of ETH hitting exchanges β€” how much short-term sell pressure is that? Can ETH absorb it with Glamsterdam upgrade expectations still in play? ⚠️

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