PANews reported on October 15th that according to a post by on-chain analyst @ai_9684xtpa, analyst MLM inferred that after closing his HL position, the "BTC ancient whale who high-profiled ETH position swap" opened a short position on Binance. The reasons are speculated to be: 1. He deposited 89 million USDC to Binance; 2. The increase in Binance BTC OI was basically the same as the size of his position closed on Hyperliquid; 3. BTC was trending sideways.