A certain whale withdrew 6000 ETH from Kraken after 6 months of silence

On January 5, analyst @eyeonchains reported that the "BTC OG Insider Whale" has transferred 34,244 ETH (valued at ~$102.8 million) from Coinbase to its Binance deposit account over the past five days. The analyst noted this move may indicate the whale holds a leveraged trading position on Binance. Previously, the account’s total unrealized gains have expanded to $17 million. Its core holding is a long ETH position that has flipped from loss to profit: $11.95 million in unrealized gains (9%), an average entry price of $3,147, and a position size of ~$650 million. The whale also holds profitable long positions in BTC and SOL. With a total current account size of ~$815 million, it now ranks first in ETH, BTC, and SOL long positions on Hyperliquid.

Onchain Lens data shows that on January 5, trader James Wynn further boosted his 40x-leveraged Bitcoin long position while maintaining his 10x-leveraged PEPE long position. His total position is now worth $14 million, with unrealized gains topping $750,000.

On January 5th, markets expect former President Trump to announce his Fed Chair nominee sometime this month. Polymarket data shows Hassett and Warsh are tied at 39% each in nomination odds. (Warsh’s odds are up 8 percentage points, while Hassett’s have fallen 3.)

On January 5, just hours after reports of "Maduro's Arrest," Elon Musk posted a photo on X showing him dining with former U.S. President Donald Trump and First Lady Melania at Mar-a-Lago—signaling an apparent repair of their previously tense relationship. The post’s caption read: "2026 will be amazing!" Notably, U.S. military action against Venezuela occurred just hours before this dinner. Concurrently, Musk’s SpaceX announced on January 3 that its Starlink satellite internet service would provide free broadband to Venezuela for one month (ending February 3). This announcement closely aligned with Musk and Trump’s Mar-a-Lago meeting that day, though Starlink did not disclose specific reasons for the free service. Internet monitoring group Netblocks reported that some areas of Caracas faced network outages during the U.S. operation, which it speculated were tied to power supply abnormalities. The country’s overall internet connectivity remained largely normal, however.

Jan 5: Per monitoring from HyperInsight (via their Telegram channel @HyperInsight), HYPE has risen by over 13% since Jan 2, hitting a high of $27.4. The whale labeled "Long-Term Bullish on HYPE"—the largest HYPE long position holder on Hyperliquid—has seen its unrealized losses narrow from ~$20 million to $17 million. Key position details: average entry price of $38.6, liquidation price of $20, and current position size of ~$36.44 million. Notably, this address opened a large long position **before** Robinhood announced on Oct 23 that it would launch HYPE spot trading—sparking community suspicion of insider information. Two months later, the position still carries significant unrealized losses.