Bitcoin OG Insider Whale Moves $10.83M to Binance and Nets Nearly $100M from BTC Short Ahead of the 10.11 Drop, BitForex CEO Linked to the Address
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COINOTAG News, citing Coinbob’s on-chain monitoring, reports that a BTC OG Insider Whale moved about $10.83 million from Hyperliquid to a Binance wallet within two hours, with the funds subsequently emptied. The move highlights ongoing liquidity shifts in the Bitcoin market and cross-exchange activity.
Analysts note the same address reportedly unwound a near-term ETH short of approximately $15 million, booking a realized gain of around $54,000. After a $10 million inflow on the 25th, the reported net profit approaches $837,000, signaling rapid, high-margin repositioning in Ethereum and Bitcoin arenas.
The entity, described as a long-dormant BTC OG address once linked to substantial holdings, has drawn scrutiny for timing around policy-related narratives. Some sources allege a sizable BTC short position prior to a major market drop, with claimed profits near $100 million; associations with industry figures remain unverified.