Lookonchain APP

App Store
Feeds Articles

「BTC OG Insider Whale」 Once Again BTFDs ETH Long, Holding Over $160M Position

2025.12.08 09:16:15

**December 8 Update** Per Coinbob Popular Address Monitor, Ethereum (ETH) dipped below $2,900 overnight before rebounding higher. The "BTC OG Insider Whale" (address 0xb31) capitalized on the dip to build an ETH long position, adding up to **$166 million** with an average entry price of $3,048. The position currently holds an unrealized profit of ~$940,000 and a liquidation price of $1,795.34. Since 11 PM yesterday, the whale has transferred **$70 million** from its Binance wallet to Hyperliquid, then opened a **5x-leveraged ETH long position**—its largest position in nearly 30 days. ### Prior Activity The whale executed swing trades on ETH on November 25 and 29: going long first, then short, for a small profit, before fully closing positions on November 30. On December 1, associated addresses (0xf6f, 0xF74, 0x411) collectively borrowed **$220 million USDT** from Aave and sent the funds to a Binance wallet. The 0xf6f address collateralized over 126,000 ETH that day, when ETH touched a ~$2,718 10-day low before rallying. ### Background The "BTC OG Insider Whale" is a dormant original BTC whale address that once held over 50,000 BTC. Its trades have closely aligned with Trump’s statements and U.S. policy trends. Hours ahead of the **October 11 crash**, it placed a $500 million BTC short position, netting nearly $100 million in profits—drawing market attention. BitForex CEO Garrett Jin has admitted ties to the address.
Add to Favorites Download image Share x Copy link
Relevant content

Wintermute's liquidity provision address has generated a profit of $1.9 million today, with a total position size of around $74.9 million.

April 2nd — Per HyperInsight monitoring (via t.me/HyperInsight), the broader cryptocurrency market declined today. Wintermute, a market maker on the Hyperliquid platform with address 0xecb, logged nearly $1.9 million in portfolio profits. Its total position size currently stands at $74.9 million, with key positions including a $25.6 million BTC long position and roughly $24 million in short positions across ETH, HYPE, and SOL. During the market drop, this address actively provided liquidity—specifically taking on additional BTC buy orders. It now has limit orders placed within a $2,000 price range around the current market level. Based on the order book structure, buy orders still outpace sell orders.

1 minutes ago

Drift Protocol: No Evidence of Mnemonic Theft, Highly Sophisticated Attack, Weeks-Long Preparation

April 2: Drift Protocol announced via Twitter that a threat actor executed a novel attack leveraging a durable nonce to gain unauthorized access, quickly seizing control of the Drift Security Council. The attack was highly sophisticated, prepared over several weeks, and involved pre-signed transactions for durable nonce accounts to delay execution. Ongoing investigation findings indicate the incident did not stem from vulnerabilities in Drift Protocol or its smart contracts; there is no evidence of mnemonic phrase theft. Instead, the attacker gained access through unauthorized or forged transaction approvals—potentially involving social engineering. The attack drained approximately $280 million in protocol funds. Affected assets include all borrowing, vault deposits, and trading funds. DSOL (assets not deposited in Drift, including those staked to Drift validators) and the insurance fund remain unaffected, with the latter tapped to provide protection. As a precaution, all rema

1 minutes ago

A certain whale opened a $17 million BTC and ETH short position before the dip, with unrealized gains of $630,000

April 2nd — Per HyperInsight monitoring (via https://t.me/HyperInsight), a whale with the address prefix 0x610 opened short positions this morning. The trades included a 10x-leveraged BTC short at an average price of $68,309 and a 25x-leveraged ETH short at $2,136, with a combined total size of $17.1 million. As the market later pulled back, the two short positions have accumulated $630,000 in unrealized profit, delivering a 50% overall position return. As of press time, neither position has been closed for profit-taking.

1 minutes ago

Upbit and Bithumb Designate DRIFT as a Trading Alert Project

April 2nd — Official sources confirm Upbit and Bithumb will designate DRIFT as a trading warning asset. Upbit announced DRIFT has been classified as a trading warning project by the Digital Asset Exchange Association (DAXA). Currently, DRIFT deposits and withdrawals are suspended. When services resume, only withdrawals will be reinstated; the timeline for restoring deposits will be announced separately following DAXA’s trading warning procedures.

1 minutes ago

Genius Group Liquidates Entire Bitcoin Inventory to Repay $8.5 Million Debt

**Genius Group Sells All Remaining Bitcoin in Q1 to Repay Debt (Contradicts 2024 “Bitcoin-First” Pledge)** Genius Group, an AI and crypto firm, said Tuesday it sold its entire remaining Bitcoin in the first quarter to repay debt—walking back its 2024 “Bitcoin-first” strategy—while noting it will rebuild reserves when market conditions improve. In November 2024, the company vowed to hold over 90% of its current and future holdings in Bitcoin. As of March 2026, Genius held 84 BTC (worth approximately $5.7 million). Its Bitcoin holdings have declined since April 2025, when a U.S. court temporarily barred it from expanding its position. The firm posted strong Q1 2026 results: revenue surged 171% year-over-year to $3.3 million, gross profit rose 228% to $2 million, and net income swung from a $500,000 loss in Q1 2025 to a $2.7 million profit. Other companies have cut Bitcoin reserves in 2026: - MARA Holdings sold 15,133 BTC in March, raising ~$1.1 billion for convertible bond

1 minutes ago

Shield: HyperEVM Not Forked, Block Explorer Frontend Out of Sync

April 2nd: Pard issued a clarification stating that HyperEVM did not suffer a network outage. The current issue is limited solely to the block explorer’s frontend, where a failure to sync and display new blocks has prevented users from accessing data. Earlier, the community and some monitoring tools detected unusual activity on the HyperEVM layer, sparking speculation about a "network outage."

1 minutes ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.

2025.01.05 16:05:18

When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.

2026.01.31 18:37:29

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

2024.12.14 10:35:27

A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!

2024.12.03 23:09:08

 More

Hot Articles

Follow us

X

Follow

Telegram

Join