"BTC OG Insider Whale" ETH long position size nearly $400 million, approaching the historic short position on October 11

On December 11, according to Coinbob’s popular address monitoring, from last night until 8:00 AM today, the “BTC OG Insider Whale” (0xb31) continued to accumulate approximately 40,000 ETH longs, worth about $120 million. Currently, the total position size has reached $392 million, with an unrealized profit of $10.1 million (13%). The average price has risen from $3,108 yesterday to $3,177, with a liquidation price of $2,234. This ETH long position has approached the size of the $500 million BTC short established before the market crash on October 11. The “BTC OG Insider Whale” transferred $70 million from CEX wallets to Hyperliquid gradually from the evening of December 7 to the morning of December 8, then opened a 5x leveraged ETH long position, with an average price of $3,048. Yesterday, an additional $50 million was transferred in, and currently, there is still $52.5 million in margin. The “BTC OG Insider Whale” is an OG address that held over 50,000 BTC for 8 years of silence, then gradually swapped some BTC for ETH. Its operations have repeatedly been highly synchronized with Trump’s remarks and US policy developments. A few hours before the October 11 plunge, it positioned a $500 million BTC short, earning nearly $100 million, which drew market attention. BitForex CEO Garrett Jin stated that this address is associated with his clients.