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Bitcoin OG faces $12.5M unrealized loss on $617M long position


Key Takeaways

  • A prominent Bitcoin investor currently faces an unrealized loss of $12.5 million on a $617 million long position.
  • The investor’s portfolio includes large holdings in Ethereum, Bitcoin, and Solana.

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An early Bitcoin investor, widely referred to as Bitcoin OG 1011, is currently sitting on an unrealized loss of more than $12.5 million from a $617 million long position spread across several crypto assets.

Earlier today, the trader opened a $491 million long position in Ethereum, along with additional longs in Bitcoin and Solana. The aggressive positioning has fueled speculation about insider insights or looming market trends.

Bitcoin dipped below $90,000 on Friday, down from $92,500 earlier in the day, according to CoinGecko. At press time, it was trading at $89,600.

Ethereum dropped 4% to $3,000 over the past 24 hours, while Solana also declined, though with modest volatility.



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