The Bitcoin OG Is Back – Opens Massive Short After $30M USDC Deposit
October 20, 2025 · 5:30 PM
Bitcoin is experiencing a slight rebound after a period of significant selling pressure. Despite ongoing volatility, notable market player BitcoinOG (1011short), who previously made $197 million during a flash crash, has returned by depositing $30 million in USDC and opening a 10x short position on 700 BTC, valued at approximately $75.5 million. This move has raised concerns about potential further declines in Bitcoin's price, as it indicates bearish sentiment among traders.
Read full article at: