"The 'BTC OG Insider Whale' Long Position Faces $18.7 Million in Unrealized Losses, Nearly Wiping Out Entire Position"

June 4, According to Hyperinsight’s monitoring (via https://t.me/HyperInsight), the so-called "BTC OG Insider Whale" address has made a notable move: it significantly reduced its long Bitcoin (BTC) position, resulting in a loss of over $20 million in the past seven days. This address is currently the largest BTC long position holder on Hyperliquid, roughly $8,000 away from liquidation—meaning BTC would need to drop by approximately 11% to trigger a forced liquidation. Its open positions are as follows: - 5x Leveraged BTC Long: Position size of $78.3 million, average entry price of $76,117.30, unrealized loss of $18.7 million (a 92% drop), liquidation price of $54,400. - 3x Leveraged Zcash (ZEC) Long: Position size of $34.09 million, average entry price of $626, unrealized gain of $2.16 million (a 20% rise). Notably, this address once held over 50,000 BTC dormant for eight years, and its trading actions have long been highly aligned with Donald Trump’s statements and U.S. policy trends. For instance, hours before the October 11 crypto crash, the address opened a $500 million BTC short position, earning nearly $100 million in profits from that trade. BitForex CEO Garrett Jin has confirmed this address is associated with his firm’s clients. Recently, Jin noted that artificial intelligence (AI) is draining liquidity from the crypto market, adding that the next bull market will have to wait for the current cycle to reset. Wallet Address: 0x92ea19eceb7a8de0f50978a1583a5d8b018050e9