「BTC OG Insider Whale」 Experiences $10 Million Daily Drawdown, BTC Long Position's Unrealized Loss Grows to $11.7 Million

BlockBeats News, June 3rd, according to Hyperinsight Monitor data, the "BTC OG Insider Whale" encountered a significant pullback in the price last night. The BTC long position held by the whale incurred a loss of over $10.5 million within 24 hours, and the current unrealized loss has expanded to $11.7 million. This address is currently the largest BTC long position on Hyperliquid and is the address with the largest loss today. The specific positions are as follows:

5x BTC Long: Position size $84.7 million, average price $76,117.30, unrealized loss $11.7 million (-70%), liquidation price at $55,965;

3x ZEC Long: Position size $35.9 million, average price $626, unrealized profit $50,000 (+0.4%);

This address is the OG address that once held over 50,000 BTC and remained dormant for 8 years. Its operations have been highly synchronized with Trump's statements and U.S. policy trends. A few hours before the "10.11" crash, it opened a $500 million BTC short position, profiting nearly $100 million. BitForex CEO Garrett Jin has previously stated that this address is associated with some of their clients.

Recently, Garrett Jin wrote that AI is absorbing liquidity from the crypto market, and the next bull market still needs to wait for the cycle to return.

Address: 0x92ea19eceb7a8de0f50978a1583a5d8b018050e9

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