「BTC OG Whale」 Reopens $500 Million Short Position, Previous coordinated short with its affiliated matrix has already made over $150 million in profit

BlockBeats News, October 14th, according to on-chain AI analysis tool Coinbob monitoring, the "BTC OG Whale" address (0xb317D2BC2D3d2Df5Fa441B5bAE0AB9d8b07283ae) currently holds a short position of 4,394.7 BTC on Hyperliquid (worth approximately $498 million) 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 liquidate), with a collateral utilization rate of 83.22%, indicating a high-risk high-reward strategy. The whale has made over $9 million in unrealized gains in the past 30 days, and has recently increased their position through high-frequency batch openings, with the current total account net value at $60 million.

According to Arkham tracking, this "high-profile whale who switched from ETH to BTC" on October 10th first transferred a large sum of funds from the address (0x2eA) to a transfer address (0x4f9), 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 made profits in succession; currently, (0x4f9) still holds around $386 million worth of USDC in liquid funds.

The operations of the two addresses, which synchronously increased their short positions and profited on the eve of the market crash, have sparked discussions in the community about whether they had "insider information."

Data shows: Concentrated deposits on the 10th → Shorting on the eve of the event → Partially closing positions and withdrawing funds on the 11th

- (0x2eA): Closed a short position of nearly 30,000 ETH on October 11th, with a profit of approximately $72.32 million;

- (0xb31): Closed a BTC short position on October 11th, with profits exceeding $85 million; still holding a short position of 4,394.7 BTC, with a total position of around $500 million, an average opening price of $115,000; unrealized gains of approximately $8.589 million;

- (0x4f9): Still has a large amount of USDC ammunition (around $386 million); transferred $80 million to (0xb317D) on the 10th, another $40 million on the 13th; withdrew a total of $120 million after profits on the 11th.