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A giant whale sold 1312.1 BTC in 4 days to exchange for $109.1 million USDC and bought 43300 ETH, currently losing $4.15 million. The whale transferred BTC to Hyperliquid through the Bitcoin chain and sold it for USDC, then withdrew it back to Arbitrarum and crossed the chain to Ethereum to buy ETH. The average buying price for ETH was $2521.