"The 'BTC OG Insider Whale' Long Position Faces $18.7 Million in Unrealized Losses, Nearly Wiping Out Entire Position"

BlockBeats News, June 4th, according to Hyperinsight monitoring, the "BTC OG Insider Whale" has seen a significant withdrawal from its BTC long position, with a loss of over $20 million in the past 7 days. This address is currently the largest BTC long on Hyperliquid, about $8,000 away from liquidation (a BTC price drop of approximately 11%). The specific positions are as follows:

5x BTC Long: Position Size $78.3 million, Average Price $76,117.30, Unrealized Loss $18.7 million (-92%), Liquidation Price $54.4 thousand;

3x ZEC Long: Position Size $34.09 million, Average Price $626, Unrealized Gain $2.16 million (+20%);

This address, which once held over 50,000 BTC dormant for 8 years, has been known to make moves highly synchronized with Trump's statements and U.S. policy trends. Just hours before the "10.11" crash, the address initiated a $500 million BTC short, earning nearly $100 million. BitForex CEO Garrett Jin has stated that this address is associated with his clients.

Recently, Garrett Jin wrote that AI is draining liquidity from the crypto market, and the next bull market will have to wait for the cycle to return.

Address: 0x92ea19eceb7a8de0f50978a1583a5d8b018050e9