BitcoinOG Whale Sends $292M in ETH to Binance as $717M Long Positions Face Scrutiny

by Adolf Balistreri

On-chain analytics firm Lookonchain acknowledged a important trade in the trader of the alias of #BitcoinOG (1011short). In a correct time vary, the whale transferred 100,000 ETH valued at about two hundred and ninety two million dollars to Binance. This motion straight raised eyebrows because the the same wallet at the present time has 717 million dollars in long trades of BTC, ETH, and SOL.

Shatter Earnings To File Long Publicity

The BitcoinOG wallet came into the limelight following the acquisition of more than 150 million dollars by shorting the December 2025 crypto give blueprint. The trader modified his station to bullish thereafter. He established great long positions thru such derivatives exchanges as Hyperliquid. He progressively expanded the publicity when the market became once going on and include turn into one among the supreme directional traders.

ETH Unwinding and Hedging Calls into Set up a question to

Wide shifts to centralized exchanges might almost definitely be a trademark of station administration. The whale might almost definitely would prefer to decrease the leverage, hedge the downside chance or to blueprint to partly rob profits. The Binance has an intensive liquidity and offers entry to a tell, futures, and option market, making it optimum by technique of the execution of complex suggestions. The deposit doesn’t substantiate a sell straight. It indicators readiness. The switch comes at the time of elevated volatility on key sources. Bitcoin, Ethereum, and Solana all are macro forced with interest charges expectations and ETF flows. All the blueprint thru these intervals, traders preserve a terminate monitoring of the habits of whales, as immense actors have a tendency to forego the actions of the market in frequent. This accretion brings the provision of ETH straight terminate to sell-aspect liquidity.

Co-ordinated Transfers are confirmed on-Chain

The transaction files is a batch of times versus a dump. This pattern indicates a planning technique and no longer apprehension promoting. Whale has old such procedures in earlier trades on both rotating publicity or changing collateral. Scream-up measures, along side promoting at a tell, futures hedges, or returning to DeFi, are now seen by markets.

The history of alternate deposits of excessive-conviction traders indicates that huge deposits of alternate advance before a sudden trade in label, that can no longer be repeatedly in the anticipated course. In other conditions they exhibit local tops. Other cases they are followed by aggressive re-entries following leverage resets. This motion will raise the BitcoinOG wallet into the point of interest of the market again.

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