According to @lookonchain, the on-chain entity known as the Bitcoin OG that swapped 35,991 BTC for 886,371 ETH valued at approximately 4.04 billion dollars and 4.07 billion dollars respectively has resumed selling BTC after a two-week pause, source: Lookonchain on X, x.com/lookonchain/status/1967217933530403156, Sep 14, 2025. According to @lookonchain, two wallets linked to this entity deposited 1,176 BTC worth about 136.2 million dollars to Hyperliquid within the past two hours and began dumping, source: Lookonchain on X, x.com/lookonchain/status/1967217933530403156, Sep 14, 2025.

According to Lookonchain, the ETH/BTC ratio has fallen to 0.03878, reflecting ETH underperformance versus BTC on the cross pair (source: Lookonchain on X, Sep 2, 2025). According to Lookonchain, the Bitcoin OG’s 886,371 ETH can currently be swapped for only 34,373 BTC at this rate, implying a loss of over 1,600 BTC worth roughly 177 million USD (source: Lookonchain on X, Sep 2, 2025). According to Lookonchain, these on-chain figures confirm BTC’s relative strength versus ETH at the quoted cross rate, a key input for traders managing ETH/BTC exposure (source: Lookonchain on X, Sep 2, 2025).

According to @lookonchain, a Bitcoin OG wallet sold another 2,000 BTC for $215M and bought 48,942 ETH spot for $215M over the past 4 hours on September 1, 2025, per @lookonchain. The reported notional sizes imply a USD-neutral rotation from BTC to ETH with approximate average executions of $107,500 per BTC and $4,392 per ETH based on the figures provided, per @lookonchain. In total, the wallet has accumulated 886,371 ETH valued at $4.07B, per @lookonchain.

According to @OnchainLens, The Unit team reports a long-time Bitcoin OG sold 19,663 BTC valued at approximately 2.22 billion dollars for 455,672 ETH via two entities, @OnchainLens said. Of the received ETH, 279,000 ETH worth about 1.13 billion dollars has been staked, @OnchainLens reported. The OG still holds BTC on HyperLiquid with the stated intent to convert it to ETH, @OnchainLens added. The entity maintains 176,616 ETH after these transactions, @OnchainLens said.

According to @OnchainLens, in the past 6 hours a Bitcoin OG deposited 2,520 BTC worth $291.75M into HyperLiquid to sell for ETH. According to @OnchainLens, the OG now holds 153,320 ETH valued at $724.1M. According to @OnchainLens, this flow represents a direct BTC-to-ETH rotation on HyperLiquid.

According to @lookonchain, a Bitcoin OG who received 100,784 BTC valued at $642M seven years ago recently reactivated, selling BTC, buying 62,914 ETH spot worth $267M, and opening a 135,265 ETH long position valued at $577M (reported August 22, 2025), source: @lookonchain. Based on the reported figures, the wallet’s combined ETH exposure across spot and derivatives is approximately $844M, source: @lookonchain. Additionally, another Bitcoin OG deposited BTC into Hyperliquid to sell and buy, source: @lookonchain.

According to @lookonchain, a long-term Bitcoin holder, often referred to as a Bitcoin OG, transferred 306 BTC valued at $35.37 million after 12 years of inactivity. This BTC was originally acquired when the price was just $77, representing a massive 1,493x return. Such significant movement of dormant Bitcoin can influence market liquidity and may signal increased selling pressure if these coins are sent to exchanges, making it a key event for traders to monitor for potential BTC price volatility. Source: @lookonchain

According to @lookonchain, a long-term Bitcoin holder transferred 343 BTC (valued at $40.52 million) after 12 years of inactivity, with 130.77 BTC ($15.45 million) deposited to Kraken. The original 343 BTC was acquired when BTC traded at $86, representing a 1,368x return (source: @lookonchain). Such significant movement of dormant coins to an exchange like Kraken may indicate potential sell-side pressure or heightened volatility for BTC traders.

According to @lookonchain, a Bitcoin (BTC) early adopter, often referred to as an 'OG', has sold another 250 BTC for approximately $29.68 million. This whale originally acquired 5,000 BTC twelve years ago at a cost of just $332 per coin. The selling activity reportedly began eight months ago, with a cumulative total of 1,000 BTC sold for around $106 million. This series of transactions has resulted in a total realized profit of $578 million, marking a 349x return. For traders, this significant profit-taking by a long-term holder could signal potential increased selling pressure on the market and may be viewed as a top indicator by some market participants.

According to @lookonchain, a significant Bitcoin holder, often referred to as an 'OG', has executed a major transaction. This entity, who initially held 80,009 BTC valued at approximately $9.46 billion, transferred 40,192 BTC, worth around $4.77 billion, to a new wallet address 'bc1qs4', as reported by @lookonchain. This on-chain movement has raised concerns among market observers that the holder may be preparing to continue selling their holdings, which could introduce significant selling pressure on the Bitcoin (BTC) market, according to the source's analysis.