Data: BTC OG insider whale's ETH long position size approaches 400 million USD, nearing the historical short position on October 11

According to Coinbob's popular address monitoring, from last night to 8 AM today, the BTC OG insider whale (0xb31) has continuously increased its position by approximately 19,000 ETH long positions, equivalent to about 120 million USD. The total position size has now reached 392 million USD, with an unrealized profit of 10.1 million USD (13%); the average price has risen from 3,108 USD yesterday to 3,177 USD, with a liquidation price of 2,234 USD. This ETH long position size is approaching the 500 million USD BTC short position size established before the market crash on October 11.

The BTC OG insider whale transferred 70 million USD from its Binance wallet to Hyperliquid from the evening of December 7 to the morning of December 8, and then opened a 5x leveraged ETH long position, with a previous average price of 3,048 USD. Yesterday, it transferred another 50 million USD, and currently still has 52.5 million USD in margin. The BTC OG insider whale is an OG address that once held over 50,000 BTC and has been dormant for 8 years, later gradually converting some BTC into ETH.

Its operations have repeatedly synchronized closely with Trump's statements and U.S. policy trends, laying out a 500 million USD BTC short position just hours before the significant drop on October 11, resulting in nearly 100 million USD in profits and attracting market attention. BitForex CEO Garrett Jin stated that this address is associated with some of its clients.