$BTC Bitcoin OG Dumps $292M ETH to Binance 🚨💥
The Bitcoin OG (10/11) has just deposited 100,000 $ETH, worth $292.12M, into Binance, marking one of the largest ETH exchange inflows seen recently.
This move instantly puts the wallet back on high-alert across on-chain trackers.
Despite the massive ETH deposit, the OG has NOT closed leveraged positions.
He is still holding longs on $ETH and $BTC at 5x leverage, and a $SOL long at 20x leverage.
Current unrealized losses across these leveraged positions stand at ~$55M, highlighting intense pressure as volatility persists.
The exchange deposit raises questions around risk management, margin needs, or potential hedging, rather than a full exit.
Is this ETH deposit a defensive move to protect leverage — or the first signal of a bigger unwind from one of Bitcoin’s oldest whales? 🛑⚡️
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