ChainCatcher message, according to Lookonchain monitoring, a Bitcoin OG who acquired 100,784 BTC 7 years ago (then worth $642 million, now worth $11.4 billion) is frantically selling BTC in favor of holding ETH.

In the past 5 days, they have deposited approximately 22,769 BTC (worth $2.59 billion) to Hyperliquid for sale, then purchased 472,920 ETH (worth $2.22 billion) in spot, and opened a long position of 135,265 ETH (worth $577 million).