TechFlow News, October 10 — According to on-chain analytics platform Lookonchain (@lookonchain), a "Bitcoin OG" has increased their short position to 3,600 BTC, with a notional value of approximately $438 million, currently facing an unrealized loss of about $3.66 million and a liquidation price at $139,900. Previously, this entity shorted 3,477 BTC on Hyperliquid with 6x leverage (liquidation price at $140,660), deposited $50 million USDC to Binance, and transferred $80 million USDC to Hyperliquid for opening positions.
Analysis suggests that this Bitcoin OG, who has publicly shifted positions into Ethereum, may be linked to Trend Research under Yi Lihua.
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