TechFlow, August 21 — According to on-chain analytics platform Lookonchain (@lookonchain), early Bitcoin investors (OGs) are shifting from leveraged long positions to spot purchases of Ethereum. This investor holds $1.69 billion worth of Bitcoin and recently first sold $76 million in Bitcoin to open a $295 million long position in Ethereum, then deposited another $114 million in Bitcoin over the past six hours to purchase $85 million worth of spot Ethereum (approximately 19,794 ETH).
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