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COINOTAG News reports that, as of 8:00 today, the BTC OG Insider Whale (0xb31) has added about 40,000 ETH to its ETH long exposure, roughly $120 million in value.

The current notional sits near $392 million with unrealized profit about $10.1 million (13%), and the average entry rose from $3,108 to $3,177, with a liquidation price at $2,234.

The ETH long position is approaching the size of a prior $500 million BTC short established ahead of the October 11 drawdown, underscoring notable risk transfer within the pair.

On liquidity moves, the whale transferred $70 million from Binance to Hyperliquid on Dec 7–8, opening a 5x ETH long; a further $50 million was added yesterday, with $52.5 million remaining as collateral.

The historically dormant address has gradually shifted BTC to ETH. Market observers cite alignment with macro signals, and BitForex CEO Garrett Jin has linked the address to clients.