A Bitcoin whale, inactive for seven years, has made significant moves by converting BTC to ETH through Hyperliquid. In less than a week, the whale exchanged part of their holdings for 71,108 ETH, valued at $304 million. Additionally, the whale has leveraged five addresses to long $578 million in ETH, holding 135,265 ETH with a current unrealized loss of $2.13 million. Despite these transactions, the whale still holds over $9.6 billion in BTC, acquired at an average cost of $7,000. The funds have been distributed across multiple addresses, with ongoing small-scale conversions to ETH. The whale's future intentions regarding ETH remain uncertain.