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1h 27m ago

Bitcoin BTC OG Insider Whale Grows $267M BTC Position, Opens 5x ETH Long, and Moves Funds to Hyperliquid Ahead of the 10.11 Crash

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According to COINOTAG News (Dec 10) via Coinbob’s Popular Address Monitor, the BTC OG Insider Whale (address 0xb31) has built a wallet exposure of approximately $267 million. The position shows an unrealized profit around $15.97 million (roughly 30%), with the average entry price rising from $3,068 to about $3,108 per BTC.

In a separate action, the address transferred about $70 million from a Binance wallet to Hyperliquid between December 7 and 8, then opened a 5x leveraged ETH long—the largest such exposure in roughly a month. The prior average price was near $3,048 and the position sized around $160 million.

This OG address, once holding over 50,000 BTC and dormant for eight years, has gradually shifted some BTC into ETH. Analysts note its activity appears to align with U.S. policy discourse. Ahead of the November 10 crash, the whale reportedly deployed a $500 million BTC short, with about $100 million in realized gains. BitForex CEO Garrett Jin has stated the address is linked to certain clients.

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    Bitcoin BTC OG Insider Whale Grows $267M BTC Position, Opens 5x ETH Long, and Moves Funds to Hyperliquid Ahead of the 10.11 Crash - Breaking News