“The OG WHALE REPORTEDY SOLD BTC IN THE SPOT Market Earlier this Week.”, – WRITE: www.coindesk.com
A bitcoin “og” placed a levered Short of 3,600 BTC, ValUED AT $ 438 Million, on the DECENTRALIZED Exchange Hyperliquid Dringing Overnight Trading, As Btc’s Spot To blockchain Analyst Lookonchain.
The Liquidation Price for the Short Trade is $ 139.900. In Other Words, this is the level at kind of the position Will Encounter a Margin Shortage and Risk Being Forcibly Closed by the Exchange.
The Term “OG” (Original Gangster) Refers to An Entity Involved in the Bitcoin Market Since ITS Early Days, Onthen Regarded As A Long-Term Holder.
NotBly, this OG Sold 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.
Bitcoin Changed Hands at $ 121.700, Showing A Slight Recovery from Overnight Lows, Accounting To Coindesk Data. While the OG WHALE SHORTED BTC, The Overall Market Sentiment Remains Bullish, As Reflected by Positive Funding Rates Sourced from Velo.
At the Time of Writing, The Annualized Perpetual Funding Rates for Btc Were AROUND 5%, INDICATING A BULLISH BIAS BUT NOTHING UNUSUAL.
Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Gate Exchange Emerged As Major Player With 98.9% Volume Surge to $ 746 Billion, Overtaking Bitget to Become Fourth-Largest Platform
- Open Interest Across Centralized Derivatives Exchanges Rose 4.92% to $ 187 Billion
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IMPLIED VALLATY HITS A 2.5-MONTH High As Price Momentum and Historical Patterns Point to A Strong Q4
- Bitcoin’s Implied Volatility (IV) HAS SURGED TO A 2.5-MONTH HIGH ABOVE 42, Mirroring Similar Seasonal Spikes Seen In October 2023 and 2024.
- Historically, The Second Half of October and November Deliver Some of Bitcoin’s Best Returns, with Average Gains of 6% and Over 45% Respectvely.
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