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"The 'BTC OG Insider Whale' has closed positions for ZEC and UNI longs, but still holds a $80 million BTC long position"

2 hours ago

June 19 – On-chain analyst Wu Jinyu’s monitoring indicates the mysterious “BTC OG Insider Whale” has closed out its long positions in ZEC and UNI, while still holding the vast majority of its trading exposure in Bitcoin longs that carry substantial unrealized losses. The whale offloaded a 50,000 ZEC long position worth approximately $22.38 million, locking in a profit of around $420,000. It also closed a 580,000 UNI long – which had been opened the day prior at a higher entry price – valued at roughly $1.76 million, resulting in a loss of about $310,000. Notably, the whale’s 1,270 Bitcoin long position, opened in May at an average price of $76,117, remains open. The current value of this BTC holding sits at around $80 million, putting it $16.65 million underwater on paper.
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