Bitcoin OG deposits $44.9M in ETH to Binance

An early Bitcoin holder, or OG, with an address starting in 1011short·0xb317d, deposited 20,000 ETH ($44.96 million) to Binance a short time ago, Onchain-Lenz reported. Deposits to exchanges are typically interpreted as an intention to sell. The same address was liquidated two days ago on the decentralized perpetual futures exchange Hyperliquid (HYPE), resulting in a loss of $230 million.