Data: BTC OG insider whale reduced holdings by 14,000 ETH and 427.28 BTC long positions, currently facing an unrealized loss of 47.97 million USD

According to on-chain analyst Ai Yi (@ai_9684xtpa), BTC OG insider whales seem to be gradually reducing their long positions in favor of spot. Their transactions on Hyperliquid are as follows:

Reduced 14,000 ETH with a loss of $3.624 million

Reduced 427.28 BTC with a loss of $1.612 million

Currently, they have reduced their long positions to $680 million, with an unrealized loss of $47.97 million.