A crypto trader known as BitcoinOG, who gained notoriety for a massive BTC short position on Hyperliquid, has reportedly shifted strategy. Public data indicates the trader, who purportedly made $197 million from shorting Bitcoin, is now taking long positions in altcoins. The trader initiated a large SOL long position, executing 850 long orders within a single hour on December 25th. Data shows significant USDC deposits into the wallet, totaling around $430 million, with withdrawals of approximately $138.5 million. The wallet activity suggests a broader portfolio bet, with large orders placed for BTC and ETH as well. The funding rates may signal a dangerous trap, according to reports.

A crypto trader known as BitcoinOG, who gained notoriety for a massive BTC short position on Hyperliquid, has reportedly shifted strategy. Public data indicates the trader, who purportedly made $197 million from shorting Bitcoin, is now taking long positions in altcoins. The trader initiated a large SOL long position, executing 850 long orders within a single hour on December 25th. Data shows significant USDC deposits into the wallet, totaling around $430 million, with withdrawals of approximately $138.5 million. The wallet activity suggests a broader portfolio bet, with large orders placed for BTC and ETH as well. The funding rates may signal a dangerous trap, according to reports.