According to Lookonchain, a Bitcoin OG is in a position squaring its ETH bulls and buying ETH spot.
He has positioned squaring 95,053 ETH (valued at $450 million) long positions at an average price of $4,735, earning more than $33 million, and then buying 23,575 ETH (valued at $108 million) spot. He still holds 40,212 ETH (valued at $184 million) long, unrealized profit of more than $11 million.
An address position squaring 95,053 ETH long position buying another 23,575 ETH
2025-08-25 08:28:14
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