BTC OG Insider Whale Rebalances $155M Bitcoin Position as ETH 5x Longs Emerge

COINOTAG News, citing Coinbob monitoring, notes that during a modest ETH pullback, the BTC OG Insider Whale (address 0xb31) partially closed long bets, trimming exposure by $14.06 million and locking in about $304,000 in realized profit. The remaining position hovers near $155 million, with unrealized gains narrowing to roughly $3.3 million from a prior peak around $6 million. The average entry was cited near $3,048, with a liquidation price near $1,678.

Earlier, between December 7th and 8th, the same address reportedly relocated $70 million from a Binance wallet to Hyperliquid, then opened a 5x ETH long, its largest margin bet in about a month. On December 1, associated addresses (0xf6f, 0xF74, 0x411) allegedly borrowed $220 million USDT from Aave and sent it to Binance, with 0xf6f collateralizing more than 126,000 ETH. ETH touched a ten-day trough near $2,718 before resuming an ascent.