🚨 Bitcoin OG Whale Deposits 112.894 ETH (worth ~$331.8M) to Binance!

One of the most closely monitored Bitcoin OG wallets (10/11) has just made a significant transaction. This wallet has deposited 112.894 ETH, worth approximately $331.8M, to Binance. This is another notable ETH deposit to the exchange.

These transactions are carried out in succession, indicating urgency rather than just a routine asset transfer.

This move comes after several large ETH deposits from the same entity, showing continuous interaction with Binance amidst a volatile market. Despite the large scale, there is currently no confirmation of spot selling.

It is noteworthy that this OG is still maintaining leveraged long positions on $BTC, $ETH, and $SOL. These positions are currently facing an unrealized loss of about ~$50M, putting pressure on risk management decisions.

Is this ETH deposit aimed at protecting margin and maintaining long positions, or are we approaching a pivotal moment for one of the oldest whales in the crypto market? 🧐🔥

Stay tuned for more updates! ✨

#Bitcoin #ETH #WhaleAlert

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