“BTC OG Insider Whale” has reduced SOL long position leverage, with total floating losses reaching $43.9 million, no position adjustment yet

2025-12-29 by admin

BlockBeats news, December 29, according to Coinbob hot address monitoring, ‘BTC OG insider whale’ (0xb31), after adding to average down on SOL long positions on the 26th, recently adjusted its 20x leveraged SOL long position to 10x, with no other position adjustments for now. The floating loss on recent long positions has narrowed, decreasing from a previous high of $76.15 million to $43.90 million. Current total position size is approximately $754 million, with margin of $39.59 million. Its main long positions are:

5x ETH long: position size $601 million, average price $3,147, floating loss $38.70 million (-32%), liquidation price $2,131;

5x BTC long: position size $87.96 million, average price $91,500, floating loss $3.52 million (-20%);

10x SOL long: position size $64.67 million, average price $135, floating loss $1.91 million (-29%);

This address previously transferred $70 million from a Binance wallet to Hyperliquid between the evening of December 7 and the morning of December 8, then opened a 5x leveraged ETH long position with an earlier average price of $3,048. On the 10th, it transferred $50 million and added to the ETH long position, and on the 12th, transferred another $110 million, totaling $230 million transferred so far.

‘BTC OG insider whale’ is an OG address that held over 50,000 BTC dormant for 8 years, later gradually swapping some BTC for ETH. Its operations have repeatedly aligned closely with Trump’s statements and U.S. policy movements, placing a $500 million BTC short position hours before the ‘10.11’ crash and profiting nearly $100 million, drawing market attention. BitForex CEO Garrett Jin stated this address is linked to his clients.

BlockBeats News, December 29 – According to a report by Cointelegraph, a proposal in California to impose a 5% tax on billionaires' wealth has faced strong opposition from cryptocurrency executives. They argue that it would trigger an exodus of entrepreneurs, capital flight, and ultimately be wasted regardless.The proposal, named the '2026 Billionaire Tax Act,' aims to introduce a ballot measure that would levy a 5% tax on individuals or entities with a net worth exceeding $1 billion to fund healthcare systems and state assistance programs. According to SEIU United Healthcare Workers West, because this proposed wealth tax partially targets unrealized gains, some billionaires may need to sell stocks or parts of their businesses to raise funds for tax payments. The tax can be paid in a lump sum or spread over five years with interest.Industry veterans in the cryptocurrency sector, including Bitwise CEO Hunter Horsley and Kraken co-founder Jesse Powell, believe that this measure would only lead to billionaires leaving the state, resulting in negative consequences.

BlockBeats news, December 29, according to HyperInsight monitoring, as ZEC price has been continuously rising since the 27th (cumulative increase of approximately 22%), the open interest (OI) of ZEC on the Hyperliquid platform has significantly increased, with the largest long and short positions on-chain both simultaneously increasing their bets.The "largest ZEC short" address has recently continued to add to its short positions, with the position size rebounding to $19.84 million, at an average price of $417, currently with an unrealized loss of approximately $4.51 million (-113%). Since opening short positions on ZEC in October, this address has been frequently active, having reduced its short position size from $16.5 million to $9.1 million on December 17, and now adding to it again. Currently, its total short position size has increased from $113 million to $163 million, making it the largest short position holder for ETH, ZEC, and MON on the platform.At the same time, a certain whale (0x6b2) significantly increased its 3x leveraged long position yesterday at an average price of $520. The current ZEC long position size has reached $32.2 million, with an average price of $431, and an unrealized profit of approximately $6.53 million (60%), making it the largest long position holder for ZEC on-chain.