Bitcoin Whale 'BitcoinOG' (1011short) Turns Profitable: $845M BTC, ETH, SOL Longs Net $51M in 24 Hours | Flash News Detail | Blockchain.News
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1/14/2026 1:06:00 AM

Bitcoin Whale 'BitcoinOG' (1011short) Turns Profitable: $845M BTC, ETH, SOL Longs Net $51M in 24 Hours

Bitcoin Whale 'BitcoinOG' (1011short) Turns Profitable: $845M BTC, ETH, SOL Longs Net $51M in 24 Hours

According to @lookonchain, the wallet known as BitcoinOG (1011short) holds roughly $845M in long positions across BTC, ETH, and SOL and generated over $51M in profit in the past 24 hours amid a market rise, turning the account profitable (source: @lookonchain on X). Position tracking for this address is available via the referenced Hyperdash trader profile for verification and ongoing monitoring (source: Hyperdash).

Source

Analysis

In the midst of a surging cryptocurrency market, a prominent Bitcoin OG known as 1011short has capitalized on the upward momentum, turning an impressive $845 million in long positions across BTC, ETH, and SOL into over $51 million in profits within just the past 24 hours. According to blockchain analytics from Lookonchain on January 14, 2026, this trader's strategic bets have successfully flipped from potential losses to substantial gains as the market rallied. This development highlights the volatile yet rewarding nature of crypto trading, where long positions in major assets like Bitcoin, Ethereum, and Solana can yield massive returns during bullish phases. Traders monitoring these movements should note how such high-stakes plays influence overall market sentiment, potentially signaling further upside for BTC USD and ETH USD pairs.

Breaking Down the Bitcoin OG's Profitable Long Positions

Diving deeper into the details, the Bitcoin OG's portfolio included significant long positions totaling $845 million, distributed across BTC, ETH, and SOL. As the market rose, these positions generated profits exceeding $51 million in a single day, demonstrating the power of leveraged trading in cryptocurrencies. For context, Bitcoin's price action during this period showed resilience, pushing past key resistance levels around $60,000, while Ethereum followed suit with gains testing $3,000 thresholds. Solana, known for its high-speed blockchain, also benefited from the rally, with SOL USD trading volumes spiking as investors piled in. This trader's success underscores the importance of timing in crypto markets, where on-chain metrics like increased whale activity and rising open interest in futures contracts can precede such profitable outcomes. Aspiring traders might look to similar strategies, focusing on long positions when market indicators like the RSI show oversold conditions turning bullish.

Market Indicators and Trading Volumes Supporting the Rally

Supporting this narrative, recent on-chain data reveals heightened trading volumes across major exchanges for BTC, ETH, and SOL pairs. For instance, Bitcoin's 24-hour trading volume surged, correlating with the price increase that benefited the Bitcoin OG's positions. Ethereum saw similar trends, with ETH BTC pairs showing strengthened correlations, indicating a broader altcoin recovery. Solana's ecosystem, bolstered by decentralized finance applications, contributed to SOL's volume uptick, making it a prime candidate for long trades. Key market indicators, such as the fear and greed index shifting towards greed, further validate the rally's momentum. Traders should watch support levels for BTC at $58,000, ETH at $2,800, and SOL at $140, as breaches could signal reversals, while resistance at higher points offers profit-taking opportunities. This event also points to institutional flows, with large holders like this OG influencing liquidity and price discovery in the crypto space.

From a broader trading perspective, this profitable turnaround exemplifies how cryptocurrency markets reward patience and strategic positioning. Long positions in BTC, ETH, and SOL during market recoveries can lead to exponential gains, especially when backed by positive sentiment from regulatory developments or macroeconomic shifts. For stock market correlations, note how crypto rallies often align with tech stock surges, creating cross-market trading opportunities. Investors might consider diversified portfolios incorporating AI tokens alongside these majors, as advancements in artificial intelligence could drive future sentiment. Overall, this Bitcoin OG's $51 million profit haul serves as a case study in effective risk management, encouraging traders to analyze on-chain metrics and volume data for informed decisions. With the market showing no signs of immediate slowdown, monitoring real-time price movements and adjusting long positions accordingly could unlock similar trading successes.

Trading Opportunities in BTC, ETH, and SOL Amid Market Rise

Looking ahead, the implications of this rally extend to various trading strategies. For BTC traders, the current uptrend suggests potential for scalping opportunities on BTC USDT pairs, with entry points near recent lows and targets at all-time highs. Ethereum's smart contract dominance positions ETH for continued growth, especially if gas fees stabilize, making long ETH positions attractive for swing trading. Solana, with its fast transaction speeds, appeals to day traders eyeing SOL ETH pairs for quick profits. Institutional interest, as evidenced by this OG's moves, could drive further inflows, boosting volumes and reducing volatility over time. However, risks remain, including sudden market corrections triggered by external factors like interest rate changes. To optimize trades, focus on technical analysis tools such as moving averages and Bollinger Bands, which have recently signaled buy opportunities in these assets. In summary, this event reinforces the allure of cryptocurrency trading, where substantial profits like $51 million in 24 hours are possible for those navigating the market's ebbs and flows effectively.

Lookonchain

@lookonchain

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