Are the whales changing their strategy? BTC OG suffers huge losses but remains unmoved, pension-usdt.eth shorts ETH again.

Question

【Crypto World】On-chain data shows a clear divergence in recent trading behaviors among major players in the crypto market.

One side is the “BTC OG insider whale” who continues to hold their position. Although the overall account is currently floating a loss of over $45 million, there have been no adjustments today. The ETH long position of this address is the most severely underwater — holding $564 million worth of ETH longs, with a floating loss of $39.5 million, a decline of -35%, and an average price still at $3,167. Both SOL and BTC longs are also in loss, with the total position size of the entire account swelling to $684 million. This whale is currently ranked first on Hyperliquid’s ETH long leaderboard.

The other side is the flexible trader like “pension-usdt.eth.” Over the past 11 hours, this address first completely closed its BTC longs, locking in approximately $1.04 million profit, then immediately reversed and opened a 3x leveraged ETH short position, with a new position size of about $74.1 million at an average price of $2,929. This quick switch in strategy clearly indicates a bet on a market reversal.

In the shorting camp, “Ultimate Short” has been performing well recently. Yesterday, they closed an $8.6 million BTC short, earning $2.37 million, and then withdrew another $5 million. They currently hold about $63.27 million in BTC shorts, with a floating profit of $17.08 million (539%), and the liquidation price has dropped to $97,000, making the risk relatively manageable.

Among medium-sized players, “Paul Wei” is adjusting BTC long and short orders, mainly in the range of $84,300 to $90,100. Since mid-November, he has accumulated a profit of $3,100, and the floating loss on BTC longs has narrowed to 2%. Meanwhile, “Calm Order King,” with an account under $30,000, has made $6,300 in the past 24 hours. The total long positions in BTC, ETH, and SOL amount to about $6.8 million, with an overall floating profit of $26,000.

Compared to the whales’ actions, the market is indeed in a game: the persistent traders are waiting for a rebound, the flexible traders are betting on a reversal, and small retail investors are actually making steady profits. This divergence often signals that the market is about to face a major directional decision.

GasWaster · Accepted Answer

This big investor really can't handle the hardship. Holding on stubbornly through a -35% drop—I don't have that kind of nerve.

LiquidityHunter · Answer

Still holding a $684 million position? How strong is that mentality? A 35% unrealized loss really can't be endured anymore.

BlockImposter · Answer

Haha, OG is OG. Losing 45 million and still holding on, how tough must that mentality be... That guy from pension is smart; he takes the profit and runs. Now that's the art of living.

MEVEye · Answer

Damn, how tough is this BTC OG? Still holding a floating loss of 45 million without flinching... Are they waiting for a rebound or just a hardcore bull?

AirdropHuntress · Answer

The data is right here, OG guy is sitting on a 45 million USD pit and not moving. I'm truly impressed... The pension move was truly smart—locking in profits and turning around to short. That's the difference.

CoffeeOnChain · Answer

Wow, OG, are you throwing a tantrum or truly believing? You’re holding onto a $45 million unrealized loss without moving... I really don’t understand this move.

Pension, this guy is the real player. Taking profits and turning around to re-enter—that’s the art of living.

CryptoMom · Answer

Oh my goodness, this BTC OG is really a bit stubborn. Still holding on with a floating loss of 45 million, I'm impressed.