BTC OG Insider: A whale transferred over $100 million worth of ETH from Coinbase to Binance in the past 5 days.

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According to ChainCatcher, analyst @eyeonchains reports that a major BTC OG insider whale has transferred 34,244 ETH (approximately $102.82 million) from Coinbase to his Binance deposit account over the past five days. The analyst believes this move indicates he may currently be holding leveraged trading positions on Binance.

Previous reports indicated that the total unrealized profit of the BTC OG insider whale account had expanded to $17 million. Its main holding was a long position in ETH, which had turned a profit of $11.95 million (9%), with an average price of $3147, and a total position size of approximately $650 million. It also held long positions in BTC and SOL, both of which were unrealized, bringing the account's current total position size to approximately $815 million, making it the top long position holder in ETH, BTC, and SOL on Hyperliquid.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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