A BTC OG insider whale has withdrawn $10.83 million from Hyperliquid to a Binance wallet and closed its ETH short positions yesterday.
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TL;DR
A long-dormant Bitcoin whale moved $10.83 million from Hyperliquid to Binance and closed $15 million in ETH shorts, netting a small profit. This address, linked to past market moves and political events, has made significant gains recently.
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HyperliquidHalving TokensDecentralized Exchange (DEX) TokenDerivativesBitcoin whalecryptocurrency tradingmarket analysisBinance
According to Mars Finance, Coinbob's hot address monitoring shows that in the past two hours, a BTC OG insider whale withdrew $10.83 million from Hyperliquid to a Binance wallet, emptying the account again. Further monitoring shows that this address closed all its ETH short positions, totaling approximately $15 million, yesterday, making a small profit of $54,000. Since depositing $10 million on the 25th, it has recorded a total profit of approximately $837,000. This whale is a BTC OG address that has been dormant for eight years and once held over 50,000 BTC. Its operations have repeatedly been highly synchronized with Trump's rhetoric and US policy movements. Hours before the "October 11th" crash, it placed $500 million in BTC short positions, profiting nearly $100 million. BitForex CEO Garrett Jin has acknowledged a connection to this address.