「BTC OG Insider Whale」 Once Again BTFDs ETH Long, Holding Over $160M Position

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**December 8 Update** Per Coinbob Popular Address Monitor, Ethereum (ETH) dipped below $2,900 overnight before rebounding higher. The "BTC OG Insider Whale" (address 0xb31) capitalized on the dip to build an ETH long position, adding up to **$166 million** with an average entry price of $3,048. The position currently holds an unrealized profit of ~$940,000 and a liquidation price of $1,795.34. Since 11 PM yesterday, the whale has transferred **$70 million** from its Binance wallet to Hyperliquid, then opened a **5x-leveraged ETH long position**—its largest position in nearly 30 days. ### Prior Activity The whale executed swing trades on ETH on November 25 and 29: going long first, then short, for a small profit, before fully closing positions on November 30. On December 1, associated addresses (0xf6f, 0xF74, 0x411) collectively borrowed **$220 million USDT** from Aave and sent the funds to a Binance wallet. The 0xf6f address collateralized over 126,000 ETH that day, when ETH touched a ~$2,718 10-day low before rallying. ### Background The "BTC OG Insider Whale" is a dormant original BTC whale address that once held over 50,000 BTC. Its trades have closely aligned with Trump’s statements and U.S. policy trends. Hours ahead of the **October 11 crash**, it placed a $500 million BTC short position, netting nearly $100 million in profits—drawing market attention. BitForex CEO Garrett Jin has admitted ties to the address.

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