BTC OG Whale Earned $185M in Crash — Sends 100 BTC to Kraken While 10x Short Still Shows $4M Floating Profit
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
Shorts pay
COINOTAG News on October 13, citing Onchain Lens monitoring, reports that the BTC OG Whale — an address that realized over $185 million during the recent market downturn — moved 100 BTC (approximately $11.49 million) to Kraken.
On-chain records confirm the transfer to the Kraken custody address; however, there is no public on-exchange execution data indicating that these coins have been executed in the spot market at this time, preserving transactional transparency while avoiding unverified conclusions.
Onchain Lens data further indicates the same entity retains a 10x short position on Bitcoin, showing a mark-to-market, unrealized profit near $4 million, a position size that entails elevated liquidity and liquidation sensitivity under volatile price movements.