BTC OG Whale Suffers $18.7M Floating Loss on Long Position

ME News reports that, on June 4 (UTC+8), according to Hyperinsight monitoring, the long BTC position held by the “BTC OG Insider Whale” has suffered another significant drawdown, with losses exceeding $20 million over the past seven days. This address currently holds the largest long position in BTC on Hyperliquid and is approximately $8,000 away from liquidation (a ~11% drop in BTC price). The current positions are as follows: 5x BTC Long: Position size of $78.3 million, average entry price of $76,117.30, unrealized loss of $18.7 million (-92%), liquidation price of $54,400; 3x ZEC Long: Position size of $34.09 million, average entry price of $626, unrealized profit of $2.16 million (+20%); This address belongs to an OG wallet that held over 50,000 BTC and remained inactive for eight years. Its trading activity has repeatedly aligned closely with statements by Donald Trump and shifts in U.S. policy. Hours before the “10.11” crash, it established a $500 million BTC short position, netting nearly $100 million in profit. BitForex CEO Garrett Jin previously indicated that this address is linked to one of his clients. Recently, Garrett Jin published a post stating that AI is draining liquidity from the crypto market, and the next bull market will still require a cycle reset. Address: 0x92ea19eceb7a8de0f50978a1583a5d8b018050e9 (Source: BlockBeats)