Ethereum Long Position Fivefold to 40,000 ETH ($138M) as 1011 Insider Whale Closes Bitcoin Long

COINOTAG News, November 8, citing HyperInsight, reports that the so-called ‘1011 Insider Whale’ has closed its Bitcoin long position and boosted Ethereum exposure by five times. The move signals a pivot in the wallet’s risk posture, shifting allocational emphasis from BTC toward a larger ETH stake and implying a tactical reallocation rather than an outright price forecast.

As of the latest tally, the address holds about 40,000 ETH in long positions, with the total long exposure valued near $138 million at current prices. The activity underscores ongoing interest from sizeable market participants and may inform near-term liquidity dynamics as traders monitor large-wallet flows for Ethereum and broader crypto sentiment.