「BTC OG Insider Whale」 is closing his BTC long position, short-term target is to halve the position

BlockBeats News, January 27th, according to Hyperinsight monitoring, the "BTC OG Insider Whale" is rapidly unwinding its BTC long position on Hyperliquid. In the past 5 minutes, it has already unwound over 400 BTC from its long position (originally holding a 1000 BTC long position). The remaining long position is now 572 BTC, equivalent to about $50.26 million. There are still 72 BTC sell orders at $87,800 waiting to be liquidated.

At the time of writing, its ETH long position on Hyperliquid still holds 201,752 ETH, equivalent to $5.85 billion.