Bitcoin OG expands ETH long position to $577M

A prominent Bitcoin early adopter, identified by the address "1011short," has expanded a long position on ETH, according to data from Lookonchain. The investor recently purchased an additional 12,406 ETH, bringing the total 5x leveraged position to 203,341 ETH, valued at approximately $577 million. The position has an average entry price of $3,147.39 and a liquidation price of $2,132.82. It is currently carrying an unrealized loss of $1.39 million.