Billion Dollar Worth Bitcoin Investor Quickly Profited

A mysterious investor, known by the moniker "Bitcoin OG," has reportedly achieved significant gains in a short period based on on-chain data. With $1.1 billion in short positions on Bitcoin (BTC) and Ethereum (ETH), the investor has garnered over $160 million in profit within just 30 hours, drawing attention in the crypto market.

Amidst the recent sharp decline in the crypto market, curiosity has arisen about the investor's ability to anticipate market movements with their massive short positions. According to data provided by Lookonchain, the investor known as "Bitcoin OG" holds a leveraged short position totaling 6,189 Bitcoin (approximately $752.9 million) and 81,203 Ethereum (approximately $353.1 million). The liquidation of these positions would occur if Bitcoin reached $130,810 and Ethereum reached $4,589. However, as the market declined, the investor initially made a $27 million profit, which eventually turned into over $160 million.

Lookonchain also shared intriguing details about the history of this mysterious wallet. It was identified that the wallet purchased 886,371 Ethereum (approximately $3.88 billion) for 35,991 Bitcoin (approximately $4.38 billion) a month ago and subsequently sold 3,000 Bitcoin (approximately $363 million). The investor then deposited $30 million in USDC on the Hyperliquid platform, opening high-leverage short positions. While some analysts suggest that these moves could be based on "insider information," others argue that the investor possesses profound foresight about market structure.

On social media, claims have emerged suggesting that this large investor may be connected to Trend Research or Jack Yi, but no official statement regarding their identity has yet been made. During the recent substantial decline in the crypto market, the liquidation of $16 billion in long positions has rekindled concerns among investors regarding the whale effect in the market.