According to ChainCatcher, Coinbob's hot address monitoring shows that in the past 8 hours, "BTC OG Insider Whale" (0xb31) deposited approximately $50 million into Hyperliquid and slightly increased its long position in ETH by about 895 ETH, equivalent to about $3,250,000. Currently, these funds have hardly been used.
Currently, its holdings are approximately $267 million, with a floating profit of $15.97 million (30%), and the average price has risen from $3,068 yesterday to $3,108. The "BTC OG Insider Whale" transferred $70 million from its Binance wallet to Hyperliquid between the evening of December 7th and the morning of December 8th, subsequently opening a 5x leveraged long position in ETH, its largest position opening in nearly 30 days. Previously, the average price was $3,048, and the holdings were approximately $160 million.
The "BTC OG Insider Whale" refers to the OG address, which held over 50,000 BTC for eight years before gradually converting some of its BTC into ETH. Its actions have repeatedly mirrored Trump's rhetoric and US policy developments. Just hours before the October 11th crash, it placed a $500 million short order in BTC, profiting nearly $100 million, drawing market attention. BitForex CEO Garrett Jin stated that the address is linked to his clients.
