Photo: Silas Baisch
Bitcoin OG faces $12.5M unrealized loss on $617M long position
Bitcoin suddenly sank to $90,000 on Friday after touching $92,500.
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An early Bitcoin investor, widely referred to as Bitcoin OG 1011, is currently sitting on an unrealized loss of more than $12.5 million from a $617 million long position spread across several crypto assets.
Due to the market drop, the #BitcoinOG(1011short) with a massive $617M long position, is currently experiencing a floating loss of over $12.5M.
Current position:
160,403 $ETH ($499M)
1,000 $BTC ($90.35M)
250,000 $SOL ($33.65M)https://t.co/8cChdRMAth pic.twitter.com/X5fh21v0up— Lookonchain (@lookonchain) December 12, 2025
Earlier today, the trader opened a $491 million long position in Ethereum, along with additional longs in Bitcoin and Solana. The aggressive positioning has fueled speculation about insider insights or looming market trends.
Bitcoin dipped below $90,000 on Friday, down from $92,500 earlier in the day, according to CoinGecko. At press time, it was trading at $89,600.
Ethereum dropped 4% to $3,000 over the past 24 hours, while Solana also declined, though with modest volatility.