Bitcoin OG Shifts Focus to Ethereum, Opens $145 Million Long Position After Closing BTC Trade
A well-known crypto whale, previously identified as a Bitcoin OG, has shifted focus from Bitcoin to Ethereum — opening a massive $144.9 million long position on ETH with 5x leverage, according to on-chain data.
The move follows the whale’s decision to close a record-breaking Bitcoin long, which had generated substantial profits during the last major price run.
From Bitcoin to Ethereum
The whale reportedly redirected a significant portion of capital from BTC into Ethereum, suggesting a strategic rotation ahead of potential catalysts for ETH.
According to wallet data, the new position was opened with a $3,445 entry price and a liquidation level at $2,535, signaling confidence in Ethereum’s medium-term upside trajectory.
This transition highlights a possible shift in institutional and high-net-worth sentiment toward Ethereum — particularly as anticipation builds around Layer-2 growth, staking yield, and regulatory clarity.
Whale’s Profit Crosses $100 Million
Blockchain analytics indicate the whale’s cumulative profit now exceeds $104 million, primarily from Bitcoin trades executed earlier in the cycle.
While it remains unclear whether the trader’s latest move is speculative or part of a broader portfolio strategy, analysts suggest this rotation could align with ETH’s relative strength against BTC over recent weeks.
Implications for Market Sentiment
Large-scale whale movements often serve as a sentiment barometer for crypto markets. This specific shift — from Bitcoin’s conservative stability to Ethereum’s growth-oriented ecosystem — may reflect growing optimism for ETH’s next leg of expansion, particularly around institutional adoption and network upgrades.
Some traders interpret the move as a bullish signal for Ethereum’s dominance, while others caution that such leveraged exposure could increase volatility if ETH retraces toward key support zones.
Conclusion
The Bitcoin OG’s reallocation from BTC into a $145 million Ethereum long marks one of the largest on-chain directional trades of the quarter.
With Ethereum’s price consolidating near $3,400, the whale’s entry represents a confident bet on renewed market momentum — and possibly a hint at where smart money sees the next breakout forming.
