An alleged insider trader, dubbed the “Trump Insider Whale” or BitcoinOG (1011short), has recently turned bearish by closing substantial long positions in Bitcoin (BTC) and Ethereum (ETH). This decision, which took place on January 26, 2026, resulted in losses nearing $10 million.
The trader liquidated a total of 427 BTC, valued at approximately $37.5 million, alongside 30,588 ETH worth around $88.63 million. The on-chain data, reported by Lookonchain, indicated that this liquidation resulted in a realized loss of $9.73 million, equating to about 0.77% of the total positions.
Despite these closures, the wallet address 0xb317d2bc2d3d2df5fa441b5bae0ab9d8b07283ae still holds nearly $160 million in perpetual equity, with unrealized losses exceeding $50 million. This ongoing exposure raises questions about the trader”s future strategy in a market that has been increasingly volatile.
The “Trump Insider Whale” gained attention after effectively timing a short position on Bitcoin just before the significant market downturn in October 2025. This adept maneuver led to speculations about potential insider trading activities.
After the October liquidation event, the entity further expanded its short position, reportedly reaching $140 million. Subsequently, the trader adopted a bullish outlook, establishing large long positions across the leading cryptocurrencies. However, the recent liquidation signifies a cautious approach, reflecting a shift in risk management strategy rather than a complete retreat to a bearish stance.
In addition to the liquidation, the whale also withdrew $20 million in USDC from Hyperliquid, subsequently depositing these funds into a Binance account. Market observers and copy traders are now closely monitoring the address”s movements on Hyperliquid, hoping to glean insights on the potential trajectory of both Bitcoin and Ethereum in the days ahead.
This development in cryptocurrency trading highlights the volatile nature of the market and the significant impacts that large players can have on price movements and investor sentiment.
