Whale Deposits $15M USDC into Hyperliquid, Buys 197.35 BTC

A whale has deposited $15 million in USDC into Hyperliquid before purchasing 197.35 BTC, which was subsequently withdrawn to the Bitcoin network, according to on-chain data. PANews cited analyst Ember's observation that the whale recently deposited $15 million USDC into Hyperliquid over a two-hour period. The purchase price averaged $76,007 per BTC (approximately 1 billion won), with the coins then being transferred from Hyperliquid to the Bitcoin network.