「BTC OG Insider Whale」 Takes Profit on ETH Long Position, Locking in 9% Gain, with Peak Profit reduced by nearly $3 million

BlockBeats News, December 9th, according to Coinbob Popular Address Monitoring, in the past 9 hours, during a slight ETH decline, the "BTC OG Insider Whale" (0xb31) partially closed long positions, reducing the position size by $14.06 million, recording a profit of approximately $304,000. The current position size is about $155 million, with unrealized gains narrowing from $6 million at the previous day's high to $3.3 million, at an average price of $3048, and a liquidation price of $1678.

Prior to this, on the night of December 7th to the early morning of the 8th, the "BTC OG Insider Whale" successively transferred $70 million from a Binance wallet to Hyperliquid, then opened a 5x leveraged ETH long position, the largest position taken in nearly 30 days. According to monitoring, on December 1st, the "BTC OG Insider Whale" associated addresses (0xf6f), (0xF74), (0x411) collectively borrowed $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 about $2718 within the past 10 days, followed by a continuous rise.

The "BTC OG Insider Whale" is a dormant BTC OG address that once held over 50,000 BTC. Its operations have been highly synchronized with Trump's statements and U.S. policy trends. Just hours before the "10.11" crash, it initiated a $500 million BTC short position, earning nearly $1 billion in profits, attracting market attention. BitForex CEO Garrett Jin stated that this address is associated with some of their clients.