PANews reported on October 10 that according to Lookonchain, a certain "Bitcoin OG" has increased his short position to 3,600 BTC, with a nominal size of approximately US$438 million. The current unrealized loss is approximately US$3.66 million, and the liquidation price is US$139,900.

It previously shorted 3,477 BTC with 6x leverage on Hyperliquid (liquidation price $140,660), and deposited $50 million in USDC to Binance and $80 million in USDC to Hyperliquid for opening positions.