Bitcoin (BTC) OG Whale Deposits $20M into Hyperliquid, Opens 3x Long Bets on BTC and ETH

COINOTAG News, November 4, citing CoinBob’s on-chain analytics, reports that at 00:00 today the BTC OG whale (address 0xb31) moved $20 million into Hyperliquid and initiated a 3x leveraged long on Bitcoin with an average entry near $106,000. The position totals about $36.36 million and shows an unrealized loss around $740,000. The same address also opened a 3x leveraged long on Ethereum at a $3,575 entry, with a roughly $17.42 million notional and unrealized loss around $450,000.

Earlier on-chain notes indicate the two known addresses tied to the BTC OG wallet posted more than $170 million in realized gains during prior volatility, with those funds subsequently routed to Binance. It is important to distinguish this entity from the 100% Win Rate Whale; current on-chain data shows no transfers between the two, highlighting the need for address-level verification in market commentary.