BitcoinOG Lifts Ethereum Long to 120,094 ETH in $392.5 Million Bet With $2,234.69 Liquidation Level
Lookonchain reports that veteran Bitcoin holder BitcoinOG has expanded his leveraged long position in Ethereum to 120,094 ETH, worth $392.5 million, with a liquidation level at $2,234.69. ETH was trading near $3,203 and down 3.33% over the past 24 hours as traders took profits, while on-chain metrics and the recent Fusaka upgrade, including PeerDAS (EIP-7594) and BPO-1, signaled returning buyers and higher data capacity for rollups.