On-chain analytics firm Lookonchain has identified significant changes in the trader under the alias #BitcoinOG (1011short). Within a limited time, the whale transferred 100,000 ETH worth approximately $292 million to Binance. This action immediately raised eyebrows, as the same wallet currently holds $717 million in long trades in BTC, ETH, and SOL.
Crash your profits by recording long exposures
BitcoinOG wallet came into the spotlight after making over $150 million shorting the December 2025 cryptocurrency collapse. Traders then changed their position to bullish. He established huge long positions through derivatives exchanges such as HyperLiquid. He gradually increased his exposure during market declines and became one of the largest directional traders.
Questions about ETH unwinding and hedging
Massive migration to centralized exchanges could be an indicator of position management. Whales may reduce leverage to hedge downside risk or plan to take partial profits. Binance offers ample liquidity and access to spot, futures, and options markets, making it ideal for implementing complex strategies. A deposit does not guarantee an immediate sale. It indicates that it is ready. This transfer comes at a time when volatility in major assets has increased. Bitcoin, Ethereum, and Solana are all under macro pressure from interest rate expectations and ETF flows. During this period, large companies generally tend to refrain from market action, so traders continue to closely monitor whale behavior. This deposit brings the ETH supply directly closer to sell-side liquidity.
Coordinated transfers are proven on-chain
Transaction data is a batch of time, not a dump. This trend indicates a planned approach rather than panic selling. Whale has used such procedures in previous transactions, both in rotational exposures or collateral changes. Currently, follow-up measures such as spot sales, futures hedging, and a return to DeFi are attracting attention in the market.
The history of foreign exchange margin for high-conviction traders shows that large amounts of foreign exchange margin precede sudden changes in price, but it does not always occur in the expected direction. In other cases, it shows the local top. Aggressive re-entries may also follow after a leverage reset. This action will bring the BitcoinOG wallet back into the spotlight of the market.
