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Bitcoin OG Faces $177M Value Drop as ETH/BTC Ratio Declines
Gate News bot message, the ETH/BTC trading ratio has declined to 0.03878, according to market data. A Bitcoin OG's position of 886,371 ETH, acquired through a significant swap on Hyperliquid on August 20 involving 35,991 BTC ($4.04B) for ETH ($4.07B) at a 0.0406 rate, now equates to 34,373 BTC. This represents a difference of over 1,600 BTC ($177M) from the initial transaction value. The trader maintains holdings of 49,634 BTC ($5.43B) across four wallets.