「BTC OG Insider Whale」 Once Again Buys the Dip on ETH Long, Holding a Position of Over $160 Million Peace

BlockBeats News, December 8th, according to Coinbob Popular Address Monitor, last night, ETH explored below $2900 and continued to rise. The "BTC OG Insider Whale" (0xb31) took the opportunity to buy the dip in ETH long positions and continuously added leverage to a position of $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 transferred from their Binance wallet to Hyperliquid, totaling $70 million, followed by opening a 5x leveraged ETH long position, marking the largest position opened in the past 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 addresses associated with the "BTC OG Insider Whale" (0xf6f) (0xF74) (0x411) borrowed a total of $220 million USDT from Aave and sent it to a Binance wallet, with the 0xf6f address having collateralized over 126,000 ETH. On that day, ETH touched a low point in the past 10 days of around $2718, followed by a continuous rise.

The "BTC OG Insider Whale" is the dormant address of a BTC OG that has been silent for 8 years and once held over 50,000 BTC. Their operations have been highly synchronized with Trump's statements and U.S. policy trends. Prior to the major drop on "10.11," several hours were used to set up a $500 million BTC short position, resulting in nearly $100 million in profits, attracting market attention. BitForex CEO Garrett Jin stated that this address is associated with some of their clients.