COINOTAG News, citing Coinbob’s Popular Address Monitor, notes that the Ethereum ETH price briefly touched $3,175 before rebounding. The ETH long position tied to the address known as “BTC OG Insider Whale” (0xb31) slipped below its $3,177 entry, with an approximate exposure of $383 million and a liquidation threshold near $2,235; intraday unrealized gains climbed to $25.3 million by 4:00 AM today.

On the funds front, a roughly $70 million transfer moved from a Binance wallet to Hyperliquid between the night of December 7 and the morning of December 8, followed by the opening of a 5x leveraged ETH long at a prior average price of $3,048, with a further $50 million moved yesterday.

The BTC OG Insider Whale is an OG address that once held more than 50,000 BTC dormant for eight years, later converting some BTC to ETH. Its actions have coincided with political signals in the U.S., including statements associated with the Trump era. In the hours ahead of the “10.11” crash, the address reportedly carried a $500 million BTC short, contributing near $100 million in gains and drawing market attention; BitForex CEO Garrett Jin notes the address is linked to some clients.