BlockBeats News, October 14th, according to on-chain AI analysis tool Coinbob, the “BTC OG Whale” address (0xb317) is currently holding a 4,394.7 BTC short position on Hyperliquid (worth about 498 million USD) in 10x leverage full position mode, with an opening price of 115,288 USDC and a current liquidation price of 124,272 USDC (requiring a 7.8% price increase to cover). The margin utilization rate has reached 83.22%, indicating a high-risk high-reward strategy. The whale has realized a floating profit of over 9 million USD in the past 30 days, and the total account net worth is currently 60 million USD after recent high-frequency phased positions.
According to Arkham tracking, this “high-profile whale who switched from ETH to BTC” first transferred a large amount of funds from address (0x2eA) to a transfer address (0x4f9) on October 10th, which then injected funds multiple times into the trading address (0xb31). Subsequently, on the eve of the “Black Swan” event, two related addresses (0x2eA) accurately shorted ETH and (0xb31) shorted BTC and successively realized profits; currently, (0x4f9) still holds around 386 million USDC in liquidity.
The synchronized heavy shorting and profit-taking operations conducted by the two addresses on the eve of the market crash have sparked community discussions on whether they were in possession of “insider information.”
Data shows: Concentrated deposits on the 10th → Shorting on the eve of the event → Phased closing and withdrawals on the 11th
– (0x2eA): Closed nearly 30,000 ETH shorts on October 11th, with a profit of about 72.32 million USD;
– (0xb31): Closed BTC shorts on October 11th, with profits exceeding 85 million USD; still holding a 4,394.7 BTC short position, with a total holding of about 500 million USD, an average opening price of 115,000 USD; floating profit of about 8.589 million USD;
– (0x4f9): Still holding a large amount of USDC ammunition (around 386 million); transferred 80 million USD to (0xb317D) on the 10th, another 40 million USD on the 13th; withdrew a total of 120 million USD after profiting on the 11th.
