PANews reported on October 10 that according to monitoring by on-chain analyst Ember, a whale/institution used 39.328 million USDC to purchase 323.5 BTC at an average price of US$121,570.

The whale/institution transferred 39.328 million USDC to Hyperliquid through four wallets, and then purchased 323.5 BTC and withdrew them back to the BTC chain.