A outstanding Bitcoin holder, described as a Bitcoin OG with a portfolio of 14,837 BTC valued at roughly $1
A outstanding Bitcoin holder, described as a Bitcoin OG with a portfolio of 14,837 BTC valued at roughly $1.69 billion, has not too long ago offered round 1,070 BTC price $121 million on the Hyperliquid platform. This exercise contains an preliminary sale of about 660 BTC ($76 million) adopted by a further 400 BTC sale. Concurrently, the investor has taken substantial lengthy positions in Ethereum (ETH), buying roughly 69,983 ETH valued at $301 million at value ranges between $4,300 and $4,333. These lengthy positions are distributed throughout 4 totally different wallets and contain leverage of 10x and 3x. The investor seems to be reallocating holdings from Bitcoin to Ethereum, having bought 14,520 ETH in spot and leveraged positions totaling $295 million. The preliminary Bitcoin holdings have been acquired round Might-June 2018 at a mean value of $7,242 per BTC. This strategic shift signifies a major transfer from BTC to ETH by a significant market participant.
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