Important points
- Bitcoin OG transferred 5,152 BTC worth $445 million to Binance.
- Large Bitcoin deposits on exchanges often signal possible future sales activity.
An early Bitcoin investor, commonly known as Bitcoin OG “1011short,” moved 5,152 BTC worth about $445 million to Binance on Thursday, according to data from Arkham Intelligence.
#BitcoinOG(1011short), who has a massive $695M long position in $BTC, $ETH, and $SOL, just deposited 5,152 $BTC($444.73M) into #Binance 6 hours ago. https://t.co/jdPoh89d01 pic.twitter.com/LUETLrVjuR
— Lookonchain (@lookonchain) December 19, 2025
The trader increased his long Ethereum position this morning, reportedly holding 203,341 ETH, 1,000 BTC, and 250,000 Solana ahead of the US market open. The total position at the time was valued at approximately $695 million.
As U.S. inflation cooled in November, crypto markets briefly rebounded, with Bitcoin soaring above $89,000 and Ethereum nearing $3,000, with other assets posting strong gains as well.
However, the rally quickly lost momentum as traders became cautious. At the time of writing, Bitcoin was trading at around $85,166, according to CoinGecko.
The crash wiped out more than $100 million from the cryptocurrency market in the past 10 hours. Market capitalization fell below $3 trillion.
