Bitcoin BTC OG Whale Opens 10x Short on 700 BTC at $10.91k, Faces Over $900k Unrealized Loss, After Depositing $30M to Open BTC Long
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
Shorts pay
According to HyperInsight, at 3:00 AM Beijing time a wallet labeled ‘BTC OG Whale’ (0xb31) opened a 700 BTC 10x short at an average price of $10.91k per BTC, now facing a total unrealized loss of over $900k on a roughly $77.27 million exposure in the Bitcoin market.
Around ten hours earlier, the same actor deposited $30 million into HyperLiquid and opened a BTC long. A separate address previously tied to the entity (0xc2a) still holds a 15x BTC long and a 5x ETH long, with an unrealized gain of about $3.66 million on a total exposure near $260 million.
Taken together, the positions illustrate ongoing risk management activity within the crypto derivatives market and highlight how large wallets can sway liquidity and funding dynamics in the space.