Bitcoin OG is recording a loss of -69 million USD 💥
This is the largest drawdown of this wallet address in recent times. If the market continues to adjust, all the profits that Bitcoin OG once earned while trading on Hyperliquid are at risk of being wiped out 📉
The flattering terms that the community once assigned to this wallet such as Insider Trading, Money Printer, Smart Money are gradually being revealed. The market does not favor anyone, even those names that were once seen as “invincible.”
As previously mentioned, this wallet address has an extremely high Total Value of Followers (TVF) along with unusual trading volume, which is the catalyst that makes the volatility more severe. This indicates that there are too many small wallets copy trading Bitcoin OG, inadvertently amplifying the risk when the trend reverses.
The question arises: Will Bitcoin OG follow in the footsteps of James Wynn, Machibigbrother, or Arthur Hayes? Or is this just a shake-out before everything reverses? 🤔
