OG whale adjusts SOL leverage to 10x, $754 million position unrealized loss narrows

ForkMonger · 2025-12-29T02:14:13+00:00

Recently, an address named "BTC OG Insider Whale" has been making significant adjustments in the derivatives market, reducing SOL long positions from 20x leverage to 10x, which has improved unrealized losses. The current total holdings are approximately $754 million, mainly in ETH longs, and are highly aligned with policy signals, having previously profited during key moments.

ForkMonger

2025-12-29 02:14:13

Abstract generation in progress

【Blockchain Rhythm】On-chain data monitoring shows that the address with the nickname “BTC OG Insider Whale” (0xb31) has recently made significant position adjustments in the derivatives market. This veteran address, which previously held 50,000 BTC and had been dormant for 8 years, reduced its SOL long position with 20x leverage to 10x on December 29. Currently, the unrealized loss has eased—shrinking from a previous peak of $76.15 million to $43.9 million.

The total holdings of this address are approximately $754 million, with $39.59 million in margin. The largest position is in ETH: a 5x leveraged position worth $601 million, with an average cost of $3,147, currently with an unrealized loss of $38.7 million (-32%), with a liquidation line at $2,131. The BTC long position is $87.96 million, with an average price of $91,500, with an unrealized loss of $3.52 million (-20%). The SOL long position is $64.67 million, with an average price of $135, with an unrealized loss of $1.91 million (-29%).

Reviewing the operation trajectory of this address, from the evening of December 7 to the morning of December 8, it successively transferred $70 million from a major exchange wallet to a derivatives trading platform, then opened a 5x ETH long position (at an average price of $3,048). On the 10th, it added another $50 million, and on the 12th, it injected an additional $110 million, with total investments reaching $230 million.

It is noteworthy that the trading rhythm of this address repeatedly aligns closely with major policy signals. A few hours before the significant drop on October 11, it had already positioned $500 million in BTC shorts, ultimately making nearly $100 million in profit, once becoming a hot topic in the market. The CEO of a certain platform once revealed that this address is related to some of its clients.

SOL-0,88%

BTC-0,04%

ETH0,45%

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SlowLearnerWang

· 12-29 02:44

Oh no, it's this guy again. I only saw the news when he was reducing leverage... Isn't this a textbook case of hindsight bias? I saw that they had already started to sell off, while we're still studying the K-line. The 754 million position, and the floating loss is shrinking—I need to think this through... Wow, ETH is still down 32%? That takes some serious mental toughness.

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ContractExplorer

· 12-29 02:37

This whale really dares to play, cutting SOL with 20x leverage in half? Looks like they're also afraid of liquidation. Once the $753 million position is liquidated... ouch, just thinking about it hurts.

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BlockchainDecoder

· 12-29 02:36

According to data, this OG whale still has some risk management awareness under extreme market conditions. The adjustment from 20x to 10x leverage precisely reflects a certain "forced" rationality—unrealized losses shrinking from over $76 million to $44 million, indicating that the price has indeed rebounded a bit. However, the issue lies in the total exposure of $7.54 billion and the margin ratio of $39.59 million, making liquidation risk still alarmingly high, especially with the -32% unrealized loss on ETH positions... It is worth noting that the rebalancing of such large accounts is often not the end, but rather a kind of exploratory pressure relief.

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DegenDreamer

· 12-29 02:35

Oh no, is this OG also starting to panic? The 20x has been cut in half to 10x directly, it seems the pressure of $750 million is indeed significant.

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GasFeeDodger

· 12-29 02:34

Oh wow, this old guy finally started to cut losses. Is 20x leverage really tired of being used? --- A position of 754 million still floating in loss, ETH down 32%... This is what they call an "OG veteran." --- Reducing leverage so late, already losing over 40 million before reacting. --- How much hardship does this guy need to learn risk management... --- Wait, the old address with 50,000 BTC is still playing with 10x leverage? That mindset is incredible. --- Floating loss shrinking? I think the principal is just shrinking. --- Liquidation line at $2131, how much more does ETH need to fall to reach that point? --- OG is OG, the gameplay is different... but this move looks a bit panicked. --- Leverage has been reduced, and floating loss is easing. Wouldn't closing the position outright be more straightforward? --- Awakened? Or just the prelude to reducing positions and stop-loss?

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NestedFox

· 12-29 02:34

Hey, even these OG players are starting to get scared. The 20x was directly cut to 10x, it seems they were really frightened.

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