BTC OG Whale Faces $103M Unrealized Loss as Derivatives and AAVE ETH Positions Reverse October 11 Gains

A BTC OG insider whale now sits on $103M in unrealized losses with total positions reduced to $680M, as market weakness and funding payments added $8.8M in cumulative losses and wiped out profits from shorting the October 11 drop, Coinbob's popular address tracker cited by BlockBeats reports on January 30. The account holds a 5x ETH long worth $584M at an entry of $3,149 with $87M unrealized loss (-74%) and liquidation at $2,291, a 10x SOL long of $58.95M at $130 with $7.65M unrealized loss (-130%), and a 5x BTC long of $47.2M at $91,500 with $5.19M unrealized loss (-55%). On-chain, the whale's 0xcA0 address has also rolled leveraged ETH spot longs on AAVE, accumulating 148,000 ETH valued at $433M with about $34.6M in unrealized losses at an average cost near $3,050 and liquidation between $2,300 and $2,450. This BTC OG whale address once held over 50,000 BTC dormant for eight years before gradually rotating some BTC into ETH, opened $500M in BTC shorts hours before the October 11 plunge and realized nearly $100M in profits, and BitForex CEO Garrett Jin said the address is linked to one of the exchange's clients.