BTC OG Whale Opens 700 BTC Short Position with Over $900,000 Unrealized Loss

The address (0xb31) labeled "BTC OG whale" opened a 10x leveraged short position on 700 BTC at an average price of $109,100 around 3 a.m. Beijing time on Oct. 20, incurring over $900,000 in unrealized losses, HyperInsight data show. The position is part of a total holdings value of approximately $77.27 million. About 10 hours earlier, the same address deposited $30 million into HyperLiquid to open a long position in BTC. Another address (0xc2a) previously linked to it maintains 15x leveraged long positions in BTC and 5x in ETH, with unrealized profits reaching $3.66 million across about $260 million in total holdings.