BTC OG whale suffers a deep loss of 76 million, suddenly dumps 5000+ BTC, what's the next move?

robot
Abstract generation in progress

【Crypto World】A data point monitored on-chain has sparked attention: On December 19, a recognized early Bitcoin holder (nicknamed “BTC OG Insider Whale”) transferred a total of 5,152 BTC to a major exchange, worth over $440 million at the time.

Interestingly, behind this large inflow, the whale’s current long positions are actually underwater. Data shows that his leveraged long positions on ETH, BTC, and SOL have a combined unrealized loss of over $76 million — it’s like betting on a rebound.

Specifically, ETH is the worst: a 5x leveraged long position worth $574 million, opened at $3,147.39, now losing $65.35 million. The 5x leveraged long on BTC, though smaller in scale ($85.44 million), opened at $91,506.7, is also down $6.04 million. SOL’s situation is slightly better, with a $36 million 5x leveraged long losing $4.7 million, opened at $135.2032.

From on-chain activity, this inflow may be preparing for the next move — whether to add to the position to lower the average cost or for other purposes, the market is still waiting for his next move.

BTC2%
ETH1,54%
SOL2,81%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)