A Whale Adds to BTC and ETH Short Positions, Total Position Value Reaches $109 Million

On January 5th, the X account linked to Bitlight Labs appears to have been compromised, as it has been posting suspicious information. Users are advised to exercise caution with any links or contract addresses from this account.

On January 5th, data from Token Terminal reveals Ethereum’s total stablecoin transfer volume topped $80 trillion in Q4 2025, hitting a new all-time high.

Jan 5 — Data from Coinbob Popular Address Monitor shows bull and bear forces have once again locked in a tug-of-war. The “BTC OG Insider Whale” now holds an unrealized profit of $11.6 million (note: earlier figure adjusted for consistency). The ETH whale group it leads has fully flipped from loss to gain. The “Meme Coin Bear Leader” has amassed ~$20 million in short positions over the past seven days, while “pension-usdt.eth” has taken a significant short on ETH. Key details below: ### “BTC OG Insider Whale” The account’s total unrealized profit has grown to $17 million. Its core holding is long ETH positions, which have flipped from loss to gain — with an unrealized profit of $11.95 million (9%), an average entry price of $3,147, and a position size of ~$650 million. It also holds profitable long BTC and SOL positions. The account’s total current position size is ~$815 million, now ranking first in long positions for ETH, BTC, and SOL on Hyperliquid. ### “CZ Counterparty” Tota

On January 5, SlowMist Technology’s Chief Security Officer @im23pds issued a warning about a new “2FA security verification” phishing scam targeting MetaMask wallets. Scammers create a fake MetaMask security alert page to trick users into completing a supposed two-factor authentication (2FA) process—their real goal is to steal the user’s mnemonic phrase. The scam typically includes a forged security alert, a fake 2FA interface with a countdown prompt, and ultimately pushes users to enter their wallet’s mnemonic phrase.

On January 5th, reports emerged that a cross-chain aggregated DeFi platform conducted a token presale on January 3rd, with current funds raised totaling roughly $540,000. Previously, it was noted that the Infinex token (INX) is available for purchase on the Sonar platform from January 3rd to 6th, representing 5% of the total INX supply. The token’s final fully diluted valuation (FDV) stands at $99.99 million, with a one-year lockup period and an option for early unlocking.

On January 5, data from Ashes Monitor shows Ethereum (ETH) has topped $3,200, pushing two previously high-profile bullish whales/institutions—Trend Research and the **$230M Long Whale**—into unrealized gains after sitting on losses. Via Hyperliquid, the $230M Long Whale holds a long position of 203,000 ETH (valued at ~$647M) with an average entry price of $3,147 per ETH. Its position has flipped from a peak unrealized loss of $74M to a current unrealized gain of $14M. Trend Research used Aave to acquire 626,000 ETH (valued at ~$2B) at an average cost of ~$3,186 per ETH. The firm’s position has shifted from a prior peak unrealized loss of $141M to a current unrealized gain of $8.77M.