Just imagining the savings the BTC whale on HL is probably benefiting from via this rotation from BTC to ETH using Hyperliquid spot
Two of the addresses of the whale in discussion (h/t @mlmabc):
Likely saving tens or hundreds of thousands of dollars using Hyperliquid. Lmk where data is off (particularly on OTC side where estimate based on spread can be more difficult), but:
Est. fee to sell $1bn BTC:
>Via HyperCore: $250,000
>Via OTC: $500,000
>Via Binance: $1,000,000
>Via Coinbase: $10,000,000
Seems the answer is just use Hyperliquid
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