Coinspeaker
18 hour ago
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BEARISH 📉 : Insider Trader Closes Bitcoin, Ethereum Longs at $10M Loss

An insider trader, identified as "Trump Insider Whale" or BitcoinOG, has closed long positions in Bitcoin and Ethereum, incurring nearly $10 million in losses. This move suggests a shift to a more cautious stance.

  • The address 0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae closed positions of 427.29 BTC worth $37.5 million and 30,588 ETH worth $88.63 million with a loss of $9.73 million.
  • A withdrawal of 20 million USDC was made from Hyperliquid and deposited into a Binance account on January 26, 2026.
  • The account holds open positions amounting to nearly $160 million in "perp equity" with unrealized losses over $50 million.
  • The realized PnL for BitcoinOG stands at $31 million.

BitcoinOG position on Hyperliquid

Background on BitcoinOG

  • Gained attention during an unprecedented liquidation event on October 10-11 by accurately shorting Bitcoin before the crash.
  • Referred to as "Trump Insider Whale" by Arkham Intelligence after holding significant short positions.
  • Later increased BTC shorts by $140 million but switched to bullish with large long positions in Bitcoin and Ethereum.
  • Recent actions indicate a focus on risk management rather than a complete bearish outlook.

Market participants continue to monitor this address for insights into potential future movements of Bitcoin and Ethereum.