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Bitcoin OG Shifts Trading Strategy: Opens New ETH Position and Expands Portfolio
Gate News bot message, A prominent Bitcoin OG has established a new cryptocurrency wallet, depositing 20M USDC to initiate a 6x leveraged long position on ETH. The trader's ETH long positions now span across 5 wallets, accumulating to 78,265 ETH (valued at $334M).
According to Lookonchain's report on August 21, 2025, the trader previously held 68,130 ETH ($295M) in leveraged positions before transitioning to spot ETH purchases. Within a 6-hour period, they deposited an additional 1,000 BTC ($113.95M) on Hyperliquid for ETH acquisitions, successfully purchasing 19,794 ETH ($85M).