coin-img-ETHETH+1.35%coin-img-BTCBTC+0.54%coin-img-SENTSENT+10.56%coin-img-SOLSOL+1.53%coin-img-XRPXRP+1.03%coin-img-SKRSKR+14.66%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE+0.60%coin-img-ETHETH+1.35%coin-img-BTCBTC+0.54%coin-img-SENTSENT+10.56%coin-img-SOLSOL+1.53%coin-img-XRPXRP+1.03%coin-img-SKRSKR+14.66%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE+0.60%coin-img-ETHETH+1.35%coin-img-BTCBTC+0.54%coin-img-SENTSENT+10.56%coin-img-SOLSOL+1.53%coin-img-XRPXRP+1.03%coin-img-SKRSKR+14.66%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE+0.60%coin-img-ETHETH+1.35%coin-img-BTCBTC+0.54%coin-img-SENTSENT+10.56%coin-img-SOLSOL+1.53%coin-img-XRPXRP+1.03%coin-img-SKRSKR+14.66%coin-img-USDCUSDC-0.01%coin-img-DOGEDOGE+0.60%

BTC OG Whale Trims $126M Leveraged Longs, Rotates $240M into On-Chain ETH Spot

A prominent BTC OG whale significantly reduced leveraged long positions totaling approximately $126 million over the past eight hours, incurring a realized loss of around $9.7 million, according to Coinbob's address tracking reported by BlockBeats on January 27. The whale, identified by the 0xcA0 address, withdrew $20 million in margin to Binance, bringing total open positions to $679 million with an unrealized loss of $49 million. Concurrently, on-chain data indicates the address borrowed $240 million in stablecoins on AAVE, accumulating 148,000 ETH, valued at $433 million, by aggressively adding spot ETH while reducing Hyperliquid perpetual contracts. BlockBeats noted that BitForex CEO Garrett Jin previously linked this address to a client who once held over 50,000 BTC dormant for eight years before diversifying into ETH.
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