「BTC OG Insider Whale」 Unrealized Loss Quickly Expanded to $16.85 Million

January 20th – Perpetual DEX (Perp DEX) open interest across platforms has declined over the past 24 hours amid a market downturn, per DefiLlama data. Hyperliquid, which retains the top spot in trading volume, saw its open interest drop by roughly 9% from yesterday. Key 24-hour metrics for major Perp DEXs: - Hyperliquid: ~$63.6B trading volume | ~$45.7B TVL | ~$87.7B open interest - Aster: ~$46.6B trading volume | ~$12.5B TVL | ~$26.1B open interest - Lighter: ~$33.6B trading volume | ~$10.7B TVL | ~$13.3B open interest - EdgeX: ~$28.2B trading volume | ~$4.27B TVL | ~$11.6B open interest - Paradex: ~$27.2B trading volume | ~$2.26B TVL | ~$6.41B open interest - Pacifica: ~$9.22B trading volume | ~$46.54M TVL | ~$82.95M open interest

Jan. 20: AIA surged over 40% in a short span, fueled by news of Binance listing its futures contracts, per market data. The token was last trading at $0.174.

Per official sources, Binance will launch the AIAUSDT perpetual contract on Jan. 20 at 19:15 Beijing time, with up to 20x leverage.

Jan 20 — Per HyperInsight monitoring (via https://t.me/HyperInsight), the "20 Million Bandit Hunter" whale (address 0x880a...) partially closed its SOL short positions twice within ~30 minutes, cutting total short exposure by 17,841.27 SOL (worth ~$2.369M). - At 17:00: Reduced holdings by 9,871.05 SOL (~$1.353M), realizing ~$501K in floating profit. - At 18:00: Further cut 7,970.22 SOL (~$1.016M), with ~$389K in floating profit. Both trades boasted an ROI exceeding 106%. Post-operations, its remaining SOL short position is ~$4.008M. Known for high-frequency, multi-asset arbitrage, the address holds positions for an average of ~20 hours. Since October 2023, it has turned an initial ~$20M into nearly $100M in cumulative profits.

On January 20th, data from HyperInsight (https://t.me/HyperInsight) shows a whale closed a 1004 ETH short position at 17:51, netting a $32,000 profit. The account currently holds a $119,000 floating loss. This address favors 3-10x leverage and has been executing high-frequency trades of LIT and ETH recently.

Jan 20th — Per LookOnChain monitoring, Ethereum contract trading on Hyperliquid saw intense long-short battles over the past 2 hours, with key moves including: - Address 0x4607 deposited 3 million USDC to open a 4x-leveraged short position of 3,840 ETH (≈$11.86 million). - Address 0xfB66 deposited 7.38 million USDC to open a 12x-leveraged long position of 10,000 ETH (≈$30.92 million). This rewrite uses concise, news-friendly phrasing common in U.S. crypto/finance updates: - Opens with a tight time stamp + source attribution ("Per LookOnChain monitoring"). - Uses active voice ("saw intense long-short battles") for clarity. - Simplifies jargon flow (e.g., "4x-leveraged" instead of longer phrasing). - Keeps numerical formatting consistent with U.S. conventions (commas for thousands, "≈" for approximate values). - Avoids overly formal structure, aligning with how American financial/blockchain news outlets present quick updates.