「BTC OG Insider Whale」 ETH Long Position Nears $400 Million, Approaching Historic Short Position on October 11th

December 11 According to Coinbob Popular Address Monitor, the "BTC OG Insider Whale" (address 0xb31) added roughly 19,000 ETH to its long position from last night through 8 a.m. ET today—worth approximately $120 million. The whale’s total position now stands at $392 million, with an unrealized profit of $10.1 million (13% return). Its average entry price has climbed from $3,108 (yesterday) to $3,177 (today), and the position has a liquidation level of $2,234. This ETH long size is comparable to the $500 million BTC short the whale opened ahead of the October 11 market crash. Between the night of December 7 and the morning of December 8, the whale transferred $70 million from a Binance wallet to Hyperliquid, then opened a 5x-leveraged ETH long at an average price of $3,048. Yesterday, it added another $50 million in capital, bringing current collateral to $52.5 million. The whale is an OG address that once held over 50,000 BTC, remained dormant for 8 years, and later converted some BTC to ETH. Its trades have closely aligned with Donald Trump’s statements and U.S. policy shifts. Just hours before the October 11 crash, it opened a $500 million BTC short—netting nearly $100 million and drawing widespread market attention. BitForex CEO Garrett Jin has noted the address is linked to one of their clients.