BTC OG whale transfers over 600,000 ETH in scattered transactions; HyperLiquid long position unrealized loss exceeds 37 million

2025-12-17 15:20:20

Abstract generation in progress

【BlockBeats】An early Bitcoin player’s associated address has just made a big move. On December 17th, on-chain data tracking showed that this BTC OG background whale split and transferred 614,468 ETH (approximately $1.8 billion) into 9 different wallet addresses.

Interestingly, this whale has not withdrawn from the market. Currently, on the HyperLiquid derivatives platform, it maintains long positions in ETH, BTC, and SOL, with a total scale of $694 million. However, the situation is a bit grim — these positions are currently floating with a loss of over $37 million.

This kind of wallet dispersal transfer operation usually hints that the whale is adjusting its strategy. Is it risk management or laying the groundwork for bigger moves? The market is watching closely.

BTC-0.48%

ETH-0.12%

SOL-0.92%

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CryptoNomics

· 12-20 15:20

lol okay so this guy's literally holding 694m in long positions while simultaneously dispersing 614k eth? the correlation matrix here is screaming *hedging behavior* but everyone's gonna miss it and just say "whale dump incoming" smh. basic market inefficiency that people refuse to understand

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SorryRugPulled

· 12-17 15:50

This OG move is really aggressive. Still holding on to $1.8 billion for the bulls? Aren't you afraid of liquidation?

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PumpDetector

· 12-17 15:49

reading between the lines here... dude's got 18b in eth but still bleeding 37m on longs? that's not strategy adjustment, that's called hedging against your own conviction lmao

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HalfIsEmpty

· 12-17 15:29

Still holding on with a loss of 37 million? How strong must your mental resilience be?

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