「BTC OG Insider Whale」's overall unrealized loss has slightly narrowed to $31 million, with funding fee settlement resulting in a $8.1 million loss
BlockBeats News, January 22nd, according to Coinbob Popular Address Monitor, the "BTC OG Insider Whale" (0xb31) today saw a slight narrowing of its long position's unrealized loss to $31 million, with a weekly fund withdrawal of $95 million. The current funding rate settlement has resulted in a loss of $8.18 million, mainly from the ETH long position. The current total position size is approximately $830 million, now the largest long position on-chain for ETH and SOL. Its major long positions are as follows:
5x ETH Long: Position size $673 million, average price $3161, unrealized loss $3 million (-20%), liquidation price $2252;
5x BTC Long: Position size $89.8 million, average price $91,500, unrealized loss $1.47 million (-8.1%);
10x SOL Long: Position size $66.5 million, average price $130, unrealized gain $30,000 (0.6%);
Previously, on the night of December 7th to the morning of the 8th, funds were successively transferred from a Binance wallet to Hyperliquid totaling $70 million, followed by the opening of a 5x leveraged ETH long position with an average price of $3048. On the 10th, an additional $50 million was transferred and more ETH long positions were added, then on the 12th, another $110 million was transferred, totaling $230 million transferred. The last position adjustment was on December 28th of last year, reducing the leverage of the SOL long position from 20x to 10x, with no position adjustments made in the past 26 days.
The "BTC OG Insider Whale" is an OG address that once held over 50,000 BTC dormant for 8 years, later gradually shifting some BTC to ETH. Its actions have been highly synchronized with Trump's remarks and U.S. policy trends. Just hours before the "10.11" major drop, it laid out a $500 million BTC short position, earning nearly $100 million in profit, attracting market attention. BitForex CEO Garrett Jin has stated that this address is associated with some of their clients.
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