Data: "BTC OG Insider Whale" BTC Position Changes and Contract Performance

2025-12-09 15:25:23

According to market news, the "BTC OG insider whale" (0xb31) has seen its ETH long position floating profit drop to $3.45 million (8%), with an average price of $3068 and a position size of approximately $217 million. This address placed a limit order to buy 2000 ETH at around $3120 today at 11 AM, amounting to about $62.4 million, and this limit order has now been fully executed, bringing the total long position to 7000 ETH.

Additionally, this whale's contract performance since the first opening on Hyperliquid is currently 6 wins and 1 loss, as detailed below:

August 21: Opened a long ETH position with $30 million, closed on August 25, profit;
October 11: Two addresses opened short positions in BTC and ETH totaling $110 million, closed on the 11th, added to the position on the 13th, and fully closed on October 15, profit;
October 20: Opened a short BTC position with $30 million, closed on November 23, profit;
November 04: Opened a long BTC position with $20 million, closed on November 8, loss;
November 25: Opened a long ETH position with $10 million, closed on November 28, profit;
November 29: Opened a short ETH position with $3 million, closed the same day, profit;
Since December 7: Opened a long ETH position with $70 million, floating profit.

According to Arkham tracking, this "BTC OG insider whale" has reduced its BTC holdings from 88,000 to 37,000 since August, which, at a BTC price of $100,000, corresponds to a reduction of $5.1 billion. The current on-chain address still holds multiple cryptocurrencies worth approximately $5.7 billion. Among them, BTC holdings are about $3.32 billion, and ETH holdings are about $1.83 billion.

Some significant on-chain movements are as follows:

From August to October: Continuously swapped BTC for ETH, reducing BTC holdings from 88,000 to 50,000, and purchased $5 billion worth of ETH through Hyperunit;
October 16: Transferred 2000 BTC to Coinbase, with BTC around $111,000 that day, and around $103,000 on the evening of the 17th;
October 21: Transferred 3000 BTC to Binance;
October 22 to November 2: Transferred a total of 1900 BTC to Kraken;
December 1: Mortgaged ETH and borrowed over 220 million USDT, subsequently transferring to Binance, with ETH hitting a low of $2720 that day.

The "BTC OG insider whale" is a BTC OG address that had been dormant for 8 years and once held over 50,000 BTC. Its operations have frequently aligned closely with Trump's statements and U.S. policy trends, notably laying out a $500 million short position in BTC just hours before the significant drop on October 11, resulting in nearly $100 million in profit, attracting market attention.

BitForex CEO Garrett Jin stated that this address is associated with its clients.