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「BTC OG Insider Whale」 continued to add to their ETH and SOL long positions yesterday, with a total unrealized loss of $78.3 million in their account

6 days ago

As of December 19, per Coinbob Popular Address Monitoring, amid ongoing market declines, the "BTC OG Insider Whale" (address: 0xb31) is facing expanding unrealized losses on its ETH and SOL long positions. Yesterday, the whale added leverage to offset its ETH and SOL longs—but both assets have since fallen below the average entry price of those recent leveraged additions. **Current Key Metrics:** - Total unrealized loss: ~$78.3 million - Total position size: ~$694 million - Remaining margin: ~$15.92 million **Breakdown of Key Long Positions:** 1. **5x ETH Long** - Position size: $573 million - Average entry: $3,147 - Unrealized loss: $67.7 million (-58%) - Liquidation price: $2,150 2. **5x BTC Long** - Position size: $85.18 million - Average entry: $91,500 - Unrealized loss: $6.32 million (-37%) 3. **20x SOL Long** - Position size: $31.57 million - Average entry: $135 - Unrealized loss: $5.21 million (-292%) **Recent Trading History:** - **Dec 7–8 (overnight):** Transferred $70 million from a Binance wallet to Hyperliquid, then opened a 5x leveraged ETH long (avg entry: $3,048). - **Dec 10:** Added $50 million to its ETH long position. - **Dec 12:** Transferred another $110 million; has continued adding to positions in recent days. **Whale Background:** This is an OG crypto address that previously held over 50,000 BTC and remained dormant for 8 years before gradually converting some BTC to ETH. Its trades have closely aligned with Trump’s statements and U.S. policy trends. Notably, before the major Oct 11 market drop, the whale opened a $500 million BTC short position, netting nearly $100 million in profit—garnering widespread market attention. BitForex CEO Garrett Jin stated the address is linked to some of the exchange’s clients.
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