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「BTC OG Insider Whale」 BTC Spot Reduced from 88K to 37K, Contract Record 6 Wins 1 Loss

1 hours ago

December 9th Per Coinbob Popular Address Monitoring (link: https://t.me/Coinbob_track_CN), the "BTC OG Insider Whale" (address 0xb31) now holds 7,000 ETH in long positions—with an unrealized profit of $3.45 million (8% gain), average entry price of $3,068, and total position size ~$217 million. Earlier today at 11:00 AM, the whale placed a limit order to buy 2,000 ETH at ~$3,120 (~$62.4 million), which was fully filled. Since its first trade on Hyperliquid, the whale has a 6-1 performance record: - Aug 21: Opened $30M ETH long, closed Aug 25 (profit) - Oct 11: Two addresses opened $110M combined BTC/ETH shorts; one (0x2eA) closed Oct 11, 0xb31 added to the position Oct 13, fully closed Oct 15 (profit) - Oct 20: Opened $30M BTC short, closed Nov 23 (profit) - Nov 4: Opened $20M BTC long, closed Nov 8 (loss) - Nov 25: Opened $10M ETH long, closed Nov 28 (profit) - Nov 29: Opened $3M ETH short, closed same day (profit) - Dec 7–present: Opened $70M ETH long (unrealized profit) Arkham tracking shows the whale’s BTC holdings have dropped from 88,000 to 37,000 since August—valued at ~$10k/BTC, that’s a ~$5.1 billion reduction. The address still holds ~$5.7 billion in total assets: ~$3.32 billion in BTC, ~$1.83 billion in ETH. Key on-chain moves: - Aug–Oct: Swapped BTC for ETH; BTC fell from 88k to 50k, bought ~$5 billion ETH via Hyperunit - Oct 16: Transferred 2,000 BTC to Coinbase (BTC ~$111k that day, ~$103k Oct 17) - Oct 21: Transferred 3,000 BTC to Binance - Oct 22–Nov 2: Transferred 1,900 BTC total to Kraken - Dec 1: Collateralized ETH to borrow >$220 million USDT, transferred to Binance (ETH hit a low of $2,720 that day) The "BTC OG Insider Whale" is a dormant BTC OG address with >50k BTC. Its trades have aligned closely with Trump’s statements and U.S. policy trends over the past 8 years. Ahead of the Oct 11 market drop, it opened a $500 million BTC short (netting ~$100 million profit), drawing market attention. BitForex CEO Garrett Jin noted the address is linked to some of his clients.
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