Key Takeaways
- A Bitcoin whale increased their short position to $121 million with 10x leverage on the Hyperliquid platform.
- The whale, identified as #BitcoinOG by Lookonchain, has a history of closing profitable shorts during market downturns.
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A Bitcoin whale who recently shorted Bitcoin and Ether before the recent market crash increased his short position to $121 million using 10x leverage, according to blockchain analytics platform Lookonchain. The trader, identified as #BitcoinOG, has been actively managing significant positions on the Hyperliquid platform.
Lookonchain tracked the whale’s trading pattern in October 2025, showing the trader previously closed profitable shorts during market crashes before shifting back to aggressive shorting strategies on Bitcoin.
The analytics platform has documented multiple whales reopening short positions following market rebounds, with traders frequently adjusting their leveraged positions to avoid liquidation during recent price fluctuations.
