Data: A dormant wallet that had been inactive for two years sold 1,863 ETH and then went long on BTC with 20x leverage, currently showing a profit of $589,000

ChainCatcher news, according to on-chain analyst Lookonchain (@lookonchain), a dormant wallet address that had been inactive for two years was activated and sold 1,863 Ethereum for $2,181 each, exchanging it for 4.06 million USDC.

Subsequently, the wallet holder deposited these funds into the Hyperliquid platform, going long on Bitcoin at a price level of $89,930 with 20x leverage, currently realizing an unrealized profit of approximately $589,000, with a liquidation price of $75,186.