BTC OG Insider Whale Takes Profit on ETH Long Position, Floating Profit Narrows by Nearly $3 Million

According to Coinbob, monitoring data shows that in the past 9 hours, the BTC OG insider whale (0xb31) partially closed long positions on ETH during a slight decline, reducing the position size by $14.06 million, with a profit of approximately $304,000. The current position size is around $155 million, with the floating profit narrowing from a high of $6 million yesterday to $3.3 million, with an average price of $3048 and a liquidation price of $1678.

Prior to this, the BTC OG insider whale transferred $70 million from a Binance wallet to Hyperliquid on the night of December 7 to the morning of December 8, then opened a 5x leveraged ETH long position, the largest opening in nearly 30 days. Monitoring data also shows that on December 1, the BTC OG insider whale's associated addresses (0xf6f), (0xF74), (0x411) borrowed a total of $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 of around $2718 in the past 10 days, followed by a continuous rise.

The BTC OG insider whale is an address that has been dormant for 8 years, previously holding over 50,000 BTC. Its operations have been highly synchronized with Trump's statements and U.S. policy trends, strategically placing a $500 million BTC short position hours before the 10/11 crash, earning nearly $100 million in profit and attracting market attention. BitForex CEO Garrett Jin stated that this address is associated with some of their clients.

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