BitcoinOG, known for his significant crypto holdings, is facing mounting pressure as his $779 million long position in Bitcoin, Ethereum, and Solana struggles amid a market downturn. In response, he injected an additional $20 million USDC into Hyperliquid to bolster his margin. Over the past week, his total profit and loss (PnL) has plummeted from over $140 million to just $9.28 million, highlighting the volatility and risk in the current crypto market environment.
BitcoinOG Faces Pressure as $779M Crypto Long Position Falters
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