「BTC OG Insider Whale」 ETH Long Position Scale Short-term Expansion Exceeds $50 Million, Average Price Raised to $3,069
2 days ago
Dec. 9 – Per Coinbob Popular Address Monitoring, the "BTC OG Insider Whale" (address 0xb31) added to its ETH long position at $3,120 in the past half-hour. The position size grew from $155 million this morning to $209 million, a $54 million+ increase.
**Current Position Stats**:
- Average entry price: $3,069
- Liquidation price: $2,069
- Unrealized profit: $3.8 million (9%)
- 2,900 ETH remaining untraded
Earlier today (midnight), the address partially closed an ETH long position worth ~$14.06 million.
**Prior Key Moves**:
- Dec. 7 night–8 morning: Transferred $70 million from a Binance wallet to Hyperliquid, then opened a 5x-leveraged ETH long (its largest opening in 30 days).
- Dec. 1: Associated addresses (0xf6f, 0xF74, 0x411) collectively borrowed $220 million USDT from Aave and sent it to a Binance wallet. The 0xf6f address staked >126,000 ETH that day, when ETH hit a ~10-day low of $2,718 before rallying.
**Background**:
The "BTC OG Insider Whale" is an 8-year-silent BTC OG address that previously held >50,000 BTC. Its trades have repeatedly aligned with Trump’s remarks and U.S. policy trends. Hours before the Oct. 11 major BTC drop, it opened $500 million in BTC short positions, netting ~$100 million—drawing market attention. BitForex CEO Garrett Jin noted the address is linked to some of his firm’s clients.
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