「BTC OG Insider Whale」 Long Position Goes from Profit to Loss, Currently Facing a Floating Loss of Approximately $5.27 Million

**Jan. 9 — Coinglass data shows Coinbase’s Bitcoin Premium Index has traded at a negative premium for three straight days, currently sitting at -0.0837%. Over the past 26 days, the index has been negative for 25 of them.** *BlockBeats Note: The Coinbase Bitcoin Premium Index measures the gap between Bitcoin’s price on Coinbase (a top U.S. exchange) and the global market average. It’s a key indicator for tracking U.S. capital flows, institutional investment interest, and shifts in market sentiment.* - A **positive premium** (Coinbase price > global average) typically signals: strong U.S. buying pressure, active entry of institutional/regulated funds, ample USD liquidity, and broadly bullish investor sentiment. - A **negative premium** (Coinbase price < global average) often reflects: heavy U.S. selling pressure, fading risk appetite, rising risk aversion, or capital outflows.

On January 9, prediction platform Kalshi initially pegged the probability that White House Press Secretary Karoline Leavitt’s January 7 press briefing speech would hit or exceed 65 minutes at 98%. But Leavitt abruptly ended the briefing in the final seconds—and traders who bet “no” scored 50x returns in mere seconds.

On January 9, data from validator tracking site Validator Queue (validatorqueue.com) shows the current queue of ETH validators waiting to join the network has reached 1,775,026—valued at roughly $5.52 billion—with an estimated activation delay of about 30 days and 20 hours. The spike is primarily tied to BitMine recently staking a large portion of its ETH holdings. Separately, the Ethereum Proof-of-Stake (PoS) network’s staking exit queue is fully cleared, with no users currently redeeming ETH from their staked positions.

On January 9, per Coinbob's Hot Address Tracker (https://t.me/Coinbob_track_CN), the whale address 0x94d—dubbed the "Strategy Whale Opponent"—has been steadily cutting partial long positions across tokens including SOL, ZEC, PUMP, and HYPE. As of press time, the address has liquidated roughly $4 million in positions, trimming its total holdings to around $352 million, and is still selling. It has fully closed all HYPE long positions. The address began accumulating assets in December 2023 with an initial balance of ~$20 million, then gradually built short positions in mainstream coins like BTC and ETH. Since its trading direction opposes that of MicroStrategy—the publicly traded firm consistently buying BTC—the market sees this address as a clear on-chain opponent.