Bitcoin OG Whale Builds $611M Long Position Across ETH, BTC and SOL

One of the crypto market’s most closely watched whales is back in action and this time, the moves are even bigger. A long-time Bitcoin OG, known on-chain as “1011short,” has been rapidly expanding a massive multi-asset long position across Ethereum, Bitcoin, and Solana. New on-chain data shows that the trader now controls more than $611 million in leveraged longs. Which makes this one of the largest open directional bets in the current market cycle. The whale’s aggressive positioning has caught the entire market’s attention. Especially because he continues adding capital even during pullbacks.

ETH Leads the Whale’s Massive Long Exposure

Ethereum sits at the center of the whale’s strategy. According to Hyperliquid and HypurrScan data, the trader now holds 150,466 ETH, worth roughly $491 million, in a 5x cross-margin long. The position has an average entry of around $3,184, with a current mark price of $3,262. The whale has also placed new limit orders for 40,000 ETH between $3,030 and $3,258. This signals he is prepared to scale further into dips. 

These fresh orders alone represent another $125 million in potential exposure. His position has swung wildly in the last 48 hours. It is jumping from more than $26 million in unrealized profit to over $2 million in losses before recovering again. Yet even with that volatility, he keeps adding size, showing a level of conviction few traders share.

BTC and SOL Positions Add Fuel to the Bet

Alongside ETH, the whale is holding 1,000 BTC, worth $92.6 million, also at 5x leverage. The entry sits near $91,500, placing the position close to breakeven territory. His Solana exposure has grown, too. The whale now holds 212,907 SOL, worth nearly $28 million, at a much more aggressive 20x leverage. He has also placed a limit order for 50,000 more SOL at $138.6, worth another $6.9 million if filled. This combination of high leverage and three major assets. That has turned the address into one of the most influential traders on Hyperliquid.

Deposits Keep Coming, Signaling More Buying Power

The whale’s activity doesn’t stop at building positions. Earlier today, he deposited another $110 million in USDC into Hyperliquid. Explicitly to expand his BTC and SOL longs, according to Lookonchain.

After this deposit, his updated holdings were:

• 140,094 ETH (~$450M)
• 1,000 BTC (~$91.8M)
• 100,000 SOL (~$13.6M)

The whale has shown no hesitation in adding to losing positions. This suggests a long-term outlook or extremely deep pockets.

Market Watches Closely as Liquidity Rises

The trader’s aggressive strategy comes at a critical moment for crypto. With volatility rising and liquidity expanding across major L1 ecosystems. His actions alone have become a real-time sentiment indicator. With traders watching his address as closely as price charts. Currently, the Bitcoin OG continues to double down. Whether this ends as a legendary win or a painful liquidation is something the entire market is waiting to find out.