BitcoinOG Deposits $332M in ETH on Binance: A Whale Bets Big on 2026 Long-Term Prospects

• Who Is BitcoinOG?
• The $332 Million ETH Deposit: What’s the Play?
• Market Reactions and Whale Influence
• Are Whales Buying the Dip?
• Risks and Forward Outlook
• FAQs

In a bold move, the enigmatic investor BitcoinOG has deposited 112,894 ETH (worth $332 million) on Binance, signaling strong confidence in Ethereum's long-term growth. This follows earlier short positions on BTC and ETH totaling $900 million. With a history of strategic market plays—including predicting the October market crash—BitcoinOG’s latest actions hint at a bullish outlook for 2026. Dive into the details of this whale’s maneuvers, latent losses, and what it means for crypto markets.

Who Is BitcoinOG?

BitcoinOG, a pseudonymous high-stakes investor, emerged in August 2025 with an $11 billion BTC position. Known for precise market timing, they accurately predicted the October 2025 crash, which wiped $19 billion from crypto valuations. Their recent ETH deposit aligns with a pattern of large-scale moves, including a $292 million ETH transfer on Christmas Eve. Analysts speculate this could be part of a broader accumulation strategy ahead of anticipated 2026 gains.

The $332 Million ETH Deposit: What’s the Play?

On December 30, 2025, BitcoinOG moved 112,894 ETH to Binance. Blockchain data reveals this whale holds $749 million in long positions across BTC, ETH, and SOL, with ETH dominating at $598 million (liquidation price: $2,143). Despite a $48 million unrealized loss, the deposit suggests confidence in ETH’s rebound. Historical context: In August, BitcoinOG swapped $5 billion BTC for ETH, later selling $2.59 billion BTC against $2.2 billion spot ETH—a tactical shift favoring Ethereum.

Market Reactions and Whale Influence

BitcoinOG’s activity often triggers market ripples. Their December deposits coincided with a 0.1% BTC price fluctuation (trading at $87,812) and ETH at $2,973. Meanwhile, "The Whale" briefly surpassed Sharplink in reserves, holding 6.81 million ETH ($20.31 billion). Bitmine leads with 4.07 million ETH ($12.12 billion), controlling 3.36% of ETH’s supply. Such concentrations underscore whales’ market-moving power.

Are Whales Buying the Dip?

Data indicates large investors (holding 1,000–10,000 BTC) are accumulating between $80,000–$90,000, while retail traders sell. Glassnode’s accumulation score nears 1, reflecting whale buying—a pattern last seen before BTC’s April 2025 rally from $76,000 to $126,000. This suggests a potential repeat: strategic accumulation during dips precedes major upticks.

Risks and Forward Outlook

BitcoinOG’s $48 million latent loss highlights volatility risks. Yet, their long-term bets—especially ETH’s $598 million position—signal optimism. Key factors to watch:

• ETH Liquidation Price: $2,143 (current price: $2,973).
• BTC Support Levels: $80,000–$90,000 range attracting whales.
• 2026 Projections: Institutional interest in ETH’s scalability upgrades.