COINOTAG News, citing HyperInsight, reports notable whale activity on December 9. The address known as ‘Whale with 30 Failed Long Attempts’ (0x8d0) has been building its ETH spot holdings around $3,115 and opened a 20x leveraged ETH long position. Current ETH holdings total about 2004 ETH (~$6.24 million), with the long exposure near $6.24 million and an average entry near $3,125. The same entity added 66.13 BTC spot holdings (roughly $6.01 million) earlier today, signaling active reallocation rather than a passive stance.

Both positions were subsequently transferred to other chains, illustrating a cross‑chain transfer pattern. Since October 11, the address has regularly engaged intraday longs across multiple assets, tallying over 30 long entries by November 26 and generating an estimated $6 million in losses, with a small profit in the past week. The move highlights liquidity considerations and risk signaling for observers tracking large-holder behavior in a shifting market.