cryptobriefing.com
Key Takeaways
- A Bitcoin OG transferred 5,152 $BTC worth $445 million to Binance.
- Large Bitcoin deposits to exchanges often signal potential upcoming selling activity.
An early Bitcoin investor, commonly known as Bitcoin OG “1011short,” moved 5,152 $BTC worth approximately $445 million to Binance on Thursday, according to data from Arkham Intelligence.
The #BitcoinOG(1011short) with a massive $695M long position in $BTC, $ETH, and $SOL, just deposited 5,152 $BTC($444.73M) to #Binance 6 hours ago.https://t.co/jdPoh89d01 pic.twitter.com/LUETLrVjuR
— Lookonchain (@lookonchain) December 19, 2025
The trader boosted his Ethereum long positions this morning and was reportedly holding 203,341 $ETH, 1,000 $BTC, and 250,000 Solana ahead of the US market open. The total position was valued at around $695 million at the time.
Crypto markets briefly rallied as US inflation cooled in November, pushing Bitcoin above $89,000 and Ethereum near $3,000, with other assets also posting strong gains.
However, the rally quickly lost momentum as traders turned cautious. Bitcoin was trading at around $85,166 at press time, per CoinGecko.
The sell-off has erased more than $100 million from the crypto market in the past ten hours. The total market capitalization has dropped below $3 trillion.