「BTC OG Insider Whale」 has deposited $20 million as collateral today, with the current total unrealized loss expanding to $80 million

January 26 – Per data from the Coinbob Popular Address Monitor (https://t.me/Coinbob_track_CN), the “BTC OG Insider Whale” (wallet address 0xb31) deposited roughly $20 million in collateral to decentralized exchange Hyperliquid earlier today, with the funds unused as of press time. ### Current Key Metrics - Unrealized losses on long positions have widened to $80 million; - Weekly fund withdrawals total $120 million; - Funding fee settlements have incurred $8.1 million in losses (mostly tied to its ETH long); - Total position size sits at ~$785 million, making it the largest on-chain long holder for both ETH and SOL. ### Core Long Positions | Asset | Leverage | Position Size | Avg Entry | Unrealized Loss | Liquidation Price | |-------|----------|---------------|-----------|-----------------|-------------------| | ETH | 5x | $6.34B | $3,161 | $71.5M (-56%) | $2,192 | | BTC | 5x | $87M | $91,500 | $4.4M (-25%) | N/A | | SOL | 10x | $62M | $130 | $4.62M (-74%) | N/A | ### Historical Activity - Dec 7–8: Transferred $70M from a Binance wallet to Hyperliquid, then opened a 5x ETH long (avg $3,048); - Following week: Added $230M to positions; - Dec 28: Rebalanced SOL long from 20x to 10x; - Today’s deposit is its first recent operation. ### Background The wallet is an OG address that held >50,000 BTC quietly for 8 years before swapping some for ETH. Its trades have repeatedly aligned with Donald Trump’s remarks and U.S. policy trends—most notably, it placed a $500M BTC short hours before the Oct 11 market drop, netting ~$100M in profit. BitForex CEO Garrett Jin has linked the address to BitForex customers.