In the grand theater of digital currencies, a crypto trader has become the protagonist of a most curious tale, drawing the gaze of the vigilant on-chain oracle, Lookonchain. With a flourish, he has orchestrated a ballet of Bitcoin, pirouetting it into the embrace of Ethereum.
Just hours ago, the oracle whispered of a staggering transfer-968 BTC, a treasure worth $106.44 million, was sent forth into the bustling bazaar of Hyperliquid, a crypto exchange where fortunes are made and lost in the blink of an eye. The Bitcoin was swiftly exchanged for ETH, as if the trader were a magician pulling coins from thin air.
– Lookonchain (@lookonchain) August 26, 2025
But this was merely the overture. Prior to this spectacle, our intrepid trader had already divested himself of 1,000 BTC, a sum that danced around $109 million, only to plunge into the depths of a vast position-96,452 ETH. Ah, the audacity! He is betting on the ascent of ETH, wielding a 5x leverage, a gamble that could either crown him king or cast him into the abyss.
Lookonchain first caught wind of this enigmatic figure on the 25th of August, when it was revealed that he had received a staggering 100,784 BTC seven years prior. Back then, the value was a mere $642 million, but today, it has ballooned to a staggering $11 billion. Truly, he is a titan among men, one of the earliest custodians of Bitcoin.
The Bitcoin OG who received 100,784 $BTC($642M then, now $11.4B) 7 years ago is frantically dumping $BTC for $ETH.
In the past 5 days, they’ve deposited ~22,769 $BTC($2.59B) to #Hyperliquid for sale, then bought 472,920 $ETH($2.22B) spot and opened a 135,265 $ETH($577M) long.…
– Lookonchain (@lookonchain) August 25, 2025
In a whirlwind of activity, this Bitcoin sage has been transferring his digital gold into Hyperliquid with the speed of a caffeinated squirrel. In just five days, he has deposited approximately 22,769 BTC, a staggering $2.59 billion. From these transactions, he has acquired 472,920 ETH on the spot market, valued at $2.22 billion, and opened yet another grand long position with 135,265 ETH, worth $577 million.
But the plot thickens! Shortly thereafter, he closed 95,053 ETH longs, a move valued at $450 million, pocketing a tidy profit of over $33 million. Not one to rest on his laurels, he then purchased an additional 23,575 ETH on the spot market, a sum of about $108 million. Yet, he still clings to 40,212 ETH in long positions, valued at $184 million, with more than $11 million in unrealized gains-like a cat with nine lives, he seems to have an endless supply of luck.
As the curtain falls, he closed another 130,564 ETH longs, worth a staggering $612 million, securing a profit of $42.5 million. And just when you think the tale has reached its climax, he bought yet another 33,381 ETH, worth $155 million on the spot market. In total, within a mere six days, this audacious trader has amassed approximately 544,977 ETH, a treasure worth $2.55 billion, and staked it all. What a performance! ðŸŽðŸ’¸
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2025-08-26 21:52