A prominent Bitcoin holder, known for holding 68,130 ETH valued at $295 million, is transitioning from leveraged perpetual contracts to spot Ethereum purchases. Over the past six hours, the investor deposited 1,000 BTC, worth approximately $113.95 million, into Hyperliquid to facilitate this shift. The whale has already acquired 19,794 ETH, valued at $85 million, as part of this strategic move.