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「BTC OG Insider Whale」 ETH Long Position Nears $400 Million, Approaching Historic Short on October 11th
BlockBeats News, December 11th, according to Coinbob Popular Address Monitor, last night until 8:00 today, the 「BTC OG Insider Whale」 (0xb31) continued to increase its ETH long position by about 40,000 ETH, equivalent to about $120 million. The current total position size is $392 million, with an unrealized profit of $10.1 million (13%); the average price has risen from $3108 yesterday to $3177 today, with a liquidation price of $2234. The size of this ETH long position is approaching the $500 million BTC short position established before the market crash on October 11th.
The 「BTC OG Insider Whale」 transferred $70 million from a Binance wallet to Hyperliquid from the night of December 7th to the morning of the 8th, and then opened a 5x leveraged ETH long position. The average price before was $3048, and yesterday another $50 million was transferred in, with $52.5 million in collateral remaining.
The 「BTC OG Insider Whale」 is an OG address that once held over 50,000 BTC and remained dormant for 8 years, later gradually switching some BTC to ETH. Its actions have been highly synchronized with Trump's remarks and U.S. policy trends. A few hours before the "10.11" crash, it laid out a $500 million BTC short position, earning nearly $100 million, which attracted market attention. BitForex CEO Garrett Jin stated that the address is associated with some of its clients.
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