{"id":52091,"date":"2025-10-10T07:16:45","date_gmt":"2025-10-10T07:16:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=52091"},"modified":"2025-10-10T07:16:45","modified_gmt":"2025-10-10T07:16:45","slug":"bitcoin-og-whale-raises-bearish-btc-bet-worth-over-400m","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=52091","title":{"rendered":"Bitcoin ‘OG’ Whale Raises Bearish BTC Bet Worth Over $400M"},"content":{"rendered":"
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Bitcoin’s (BTC) price swoon is marked by a veteran trader placing a bearish bet worth millions of dollars.<\/p>\n

A bitcoin \u201cOG\u201d placed a leveraged short of 3,600 BTC, valued at $438 million, on the decentralized exchange Hyperliquid during overnight trading, as BTC\u2019s spot price briefly dipped below $120,000, according to blockchain analyst LookOnChain<\/a>.<\/p>\n

The liquidation price for the short trade is $139,900. In other words, this is the level at which the position will encounter a margin shortage and risk being forcibly closed by the exchange.<\/p>\n

The term “OG” (Original Gangster) refers to an entity involved in the bitcoin market since its early days, often regarded as a long-term holder.<\/p>\n

Notably, this OG sold<\/a> 3,000 BTC in the spot market earlier this week. A month ago, the entity also sold 35,991 BTC to diversify into ether, the second-largest cryptocurrency by market capitalization.<\/p>\n

Bitcoin changed hands at $121,700, showing a slight recovery from overnight lows, according to CoinDesk data. While the OG whale shorted BTC, the overall market sentiment remains bullish, as reflected by positive funding rates sourced from Velo.<\/p>\n

At the time of writing, the annualized perpetual funding rates for BTC were around 5%, indicating a bullish bias but nothing unusual.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin’s (BTC) price swoon is marked by a veteran trader placing a bearish bet worth millions of dollars. A bitcoin \u201cOG\u201d placed a leveraged short of 3,600 BTC, valued at $438 million, on the decentralized exchange Hyperliquid during overnight trading, as BTC\u2019s spot price briefly dipped below $120,000, according to blockchain analyst LookOnChain. The liquidation […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-52091","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52091"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/52091\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}