“BTC OG” whale builds a $500 million short position, with its associated matrix previously profiting over $150 million from coordinated shorts

ChainCatcher news, according to on-chain AI analysis tool Coinbob, the "BTC OG" whale address (0xb317) currently holds a short position of 4,394.7 BTC on Hyperliquid (total value approximately $498 million) with a 10x leverage full position, an average opening price of 115,288 USDC, and a current liquidation price of 124,272 USDC (requiring a 7.8% increase from the current price). The margin utilization rate has reached 83.22%, indicating a high-risk, high-reward strategy. This whale address has realized a floating profit of over $9 million in the past 30 days, recently building positions through high-frequency batch trading, with a total account net worth of $60 million.

According to tracking by Arkham, this "high-profile BTC OG whale swapping ETH" transferred large amounts of funds from address (0x2eA) to a transit address (0x4f9) on October 10, which then injected funds multiple times into trading address (0xb31). Shortly before the "black swan" event, the two associated addresses (0x2eA) accurately shorted ETH and (0xb31) shorted BTC, subsequently profiting; currently, (0x4f9) still holds approximately $386 million in USDC liquidity. The synchronized heavy shorting and profiting operations of the two addresses on the eve of the crash have sparked community discussions about whether they possess "insider information." Data shows: October 10 concentrated deposits → shorting on the eve of the event → October 11 partial profit-taking and withdrawals - (0x2eA): on October 11, closed nearly 30,000 ETH short positions, profiting about $72.32 million; - (0xb31): on October 11, closed BTC short positions, profiting over $85 million; currently still holding 4,394.7 BTC shorts, total positions approximately $500 million, average opening price $115,000; floating profit approximately $8.589 million. - (0x4f9): still has a large amount of USDC ammunition (approximately $386 million); transferred $80 million to (0xb317D) on October 10, and another $40 million on the 13th; after profiting on the 11th, cumulatively withdrew $120 million.