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

BlockBeats News, December 8th, according to Coinbob Popular Address Monitor, last night, ETH probed below $2900 and continued to rise. The "BTC OG Insider Whale" (0xb31) took the opportunity to buy the dip in ETH long positions, adding all the way up to $166 million, with an average price of $3048, unrealized profit of $940,000, and a current liquidation price of $1795.34. Since 11:00 PM yesterday, funds have been continuously transferred from its Binance wallet to Hyperliquid, totaling $70 million, and then opening a 5x leveraged ETH long position, marking the largest position opened in nearly 30 days.

Previously, the "BTC OG Insider Whale" had conducted swing trades on ETH on November 25th and November 29th, going long first and then short, making a small profit, and completely closing the positions on November 30th. According to monitoring, on December 1st, the associated addresses of the "BTC OG Insider Whale" (0xf6f) (0xF74) (0x411) collectively borrowed $220 million USDT from Aave and sent it to a Binance wallet, with the 0xf6f address collateralizing over 126,000 ETH. On that day, ETH touched a low point in nearly 10 days, around $2718, and then continued to rise.

The "BTC OG Insider Whale" is the dormant BTC OG address, which once held over 50,000 BTC. Its operations have been highly synchronized with Trump's statements and U.S. policy trends. A few hours before the "10.11" crash, it positioned a $500 million BTC short, profiting nearly $100 million, attracting market attention. BitForex CEO Garrett Jin admitted to being associated with this address.