「BTC OG Insider Whale」 Contract Liquidates $120M Long, Simultaneously On-chain Rolls $240M ETH Spot
BlockBeats News, January 27th, according to Coinbob Popular Address Monitor, in the past 8 hours, the "BTC OG Insider Whale" address has reduced its long positions, with a total reduction of about 30,580 ETH longs and 427.3 BTC longs, worth approximately $126 million. This partial sell-off has resulted in a realized loss of about $9.7 million.
Subsequently, the address withdrew about $20 million as collateral and deposited it into the Binance platform. Currently, its overall position size has decreased to $679 million, with a total unrealized loss of about $49 million, and it remains the largest long position holder of on-chain ETH and SOL. The current holding information is as follows:
5x ETH Long: Position size $560 million, average price $3,161, unrealized loss of $44.63 million (-39%), liquidation price $2,157;
10x SOL Long: Position size $63.5 million, average price $130, unrealized loss of $3.06 million (-48%);
5x BTC Long: Position size $50.7 million, average price $91,500, unrealized loss of $1.72 million (-17%);
The whale's on-chain address (0xcA0) continued to borrow stablecoins on the AAVE platform today, borrowing a total of $240 million so far, accumulating a total of 148,000 ETH on the platform, with a total value of up to $433 million. This operation is a sell-off of Hyperliquid contracts, with a significant increase in spot positions.
The "BTC OG Insider Whale" is an OG address that once held over 50,000 BTC dormant for 8 years and has since gradually switched some BTC to ETH. Its operations have been highly synchronized with Trump's remarks and U.S. policy trends. Hours before the "10.11" major drop, it laid out a $500 million BTC short position, profiting nearly $100 million, attracting market attention. BitForex CEO Garrett Jin has stated that this address is associated with some of their clients.
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