Data: BTC OG insider whale contract reduced long positions by 120 million USD, simultaneously rolling over 240 million USD in ETH spot on-chain
According to market news, in the past 8 hours, the BTC OG insider whale address has reduced its long positions, cumulatively decreasing approximately 30,580 ETH long positions and 427.3 BTC long positions, with a total value of about 126 million USD. This reduction has realized a loss of approximately 9.7 million USD. Subsequently, the address deposited about 20 million USD as margin on the Binance platform. Currently, its overall position size has decreased to 679 million USD, with a total unrealized loss of about 49 million USD, and it remains the largest long holder of ETH and SOL on-chain.Current position information is as follows:5x ETH long position: position size 560 million USD, average price 3161 USD, unrealized loss 44.63 million USD (-39%), liquidation price 2157 USD;10x SOL long position: position size 63.5 million USD, average price 130 USD, unrealized loss 3.06 million USD (-48%);5x BTC long position: position size 50.7 million USD, average price 91,500 USD, unrealized loss 1.72 million USD (-17%);This whale's on-chain address (0xcA0) has continued to borrow stablecoins on the AAVE platform today, having cumulatively borrowed 240 million USD, and has accumulated 148,000 ETH on the platform, with a total value of up to 433 million USD. This operation is a reduction 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 and has been dormant for 8 years, later gradually exchanging some BTC for ETH. Its operations have repeatedly been highly synchronized with Trump's statements and U.S. policy trends, laying out a 500 million USD BTC short position just hours before the significant drop on October 11, resulting in nearly 100 million USD in profits and attracting market attention. BitForex CEO Garrett Jin has stated that this address is associated with its clients.