According to @lookonchain monitoring, an OG investor holding over 100,000 BTC recently made a large-scale asset conversion through @hyperliquidx:
➤ Cumulatively sold over 27,000 BTC (worth over $3 billion)
➤ Purchased over 470,000 ETH in spot (approximately $2.2 billion)
➤ Previously held a bullish position of 135,000 ETH (with unrealized gains exceeding $49 million)
Latest updates show that they are still continuously converting BTC to ETH spot and gradually reducing leverage, shifting towards long-term spot holding.
This action may indicate a strong bullish outlook on ETH's future 📈
⚠️ This content is for market information only and does not constitute investment advice.
Market volatility is high, please make cautious decisions.