Bitcoin OG Whale Doubles Leverage to 20x on $210M Short — Holds 1,823 BTC, $3.8M Profit

COINOTAG News (October 13) reports, per OnchainLens monitoring, that a notable Bitcoin OG whale has increased its Bitcoin short position to a nominal value of approximately $210 million, having raised leverage from 10x to 20x.

Position specifics show a holding of 1,823 BTC with an entry price of $116,812 and a liquidation price near $120,990. These on‑chain metrics provide transparent exposure and counterparty risk data for market participants.

The account currently reflects an on‑chain profit of about $3.8 million (unrealized). The increase in leverage materially raises liquidation sensitivity and margin requirements; market participants should monitor order‑book and funding dynamics accordingly.