🔴 [UPDATE] The #Bitcoin OG has taken profits on part of its $ETH long position and is now stacking more $ETH on the spot!
🔹 Closed $ETH long positions across 2 wallets, locking in a $37.2M profit.
🔹 Spent $105.8M to acquire 23,575 $ETH spot at $4,489.
🔹 Still maintains $ETH long positions in 3 wallets, totaling 40,212 $ETH ($184.3M), with an unrealized profit of $10.5M.
🔹 Also holds 65,461 $BTC ($7.29B) and continues selling more $BTC (last BTC deposit to #Hyperliquid was only 15 mins ago).
Follow @spotonchain for more updates now!
🚨 Major Shift in Whale Strategy! Two OG #Bitcoin whales — who collectively acquired 100,784 $BTC (then $640M) 7 years ago — are now shifting gears to go long on $ETH by selling off massive amounts of $BTC!
Here’s the breakdown from the last 2 days:
🔹 Sold 4,621.9 $BTC (~$523.5M) at $113,265 via 3 wallets.
🔹 Bought and then store 82,398 $ETH (~$353.65M) at $4,292 across 2 wallets.
🔹 Opened a massive 135,265 $ETH (now $583.7M) long position on #Hyperliquid across 5 wallets, with liquidation prices mostly ranging from $3,487.4 to $3,612.
🔹 Still hold 84,645 $BTC ($9.55B) across 7 wallets.
⚠️ The $BTC sales and $ETH buys are still ongoing. This is a trend worth watching with @spotonchain!
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