"BTC OG insider whale" took profit on 9% of their ETH long positions, with unrealized gains narrowing by nearly $3 million from the previous peak.

On December 9, according to Coinbob’s popular address monitoring, in the past 9 hours, the “BTC OG Insider Whale” (0xb31) partially closed long positions during a slight decline in ETH, reducing its position size by $14.06 million and recording a profit of approximately $304,000. The current position size is about $155 million, with unrealized profits narrowing from a high of $6 million yesterday to $3.3 million, at an average price of $3,048 and a liquidation price of $1,678. Previously, from the night of December 7 to the morning of December 8, the “BTC OG Insider Whale” transferred $70 million from a CEX wallet to Hyperliquid and subsequently opened 5x leveraged ETH long positions, marking the largest position opening in the past 30 days. According to monitoring, on December 1, addresses associated with the “BTC OG Insider Whale” (0xf6f), (0xF74), and (0x411) borrowed a total of $220 million USDT from Aave and sent it to a CEX wallet, with the 0xf6f address collateralizing over 126,000 ETH. On that day, ETH hit a 10-day low of around $2,718 before continuing to rise. The “BTC OG Insider Whale” is a BTC OG address that had been dormant for 8 years and once held over 50,000 BTC. Its operations have repeatedly coincided with Trump’s statements and shifts in US policy; for example, it placed $500 million BTC short positions hours before the “10.11” crash, profiting nearly $100 million and drawing market attention. BitForex CEO Garrett Jin stated that this address is related to his client.