BTC OG Insider Whale Reduces ETH and BTC Long Positions with $47.97M in Unrealized Losses

Details of BTC OG Insider Whale's Reduction in ETH and BTC Long Positions

According to monitoring by on-chain analyst Ai Auntie (@ai_9684xtpa) on January 27, the BTC OG insider whale has recently adjusted its trading strategy, gradually converting part of its long positions into spot assets, drawing market attention.

The whale's specific actions include:

• Reducing 14,000 ETH long positions on Hyperliquid, incurring a loss of approximately $3.624M.
• Simultaneously reducing 427.28 BTC long positions, resulting in a loss of approximately $1.612M.

As of now, the whale’s long positions have been reduced to $680M, with unrealized losses reaching up to $47.97M, highlighting the significant impact of current market volatility on its holdings.