A Bitcoin OG is exchanging BTC for ETH, buying 19,794 ETH in the past 6 hours
2025-08-21 09:16:18
According to Lookonchain, an on-chain analytics platform, early bitcoin investors (OGs) are moving from leveraged longs to spot purchases of Ethereum. The investor holds $1.69 billion worth of bitcoin, first selling $76 million of bitcoin and opening a long position of $295 million in Ethereum in recent days, and then depositing $114 million of bitcoin in the past 6 hours to buy $85 million of spot Ethereum (about 19,794 ETH).
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