On December 8, according to Coinbob's popular address monitoring, after ETH dipped to $2,900 last night and continued rising, the "BTC OG Insider Whale" (0xb31) took the opportunity to bottom-fish ETH long positions, increasing holdings all the way up to $166 million at an average price of $3,048, with an unrealized profit of $940,000 and a current liquidation price of $1,795.34. Beginning at 11:00 PM yesterday, this address transferred a total of $70 million from a Binance wallet to Hyperliquid, and then opened 5x leveraged ETH long positions, marking the largest position opening in nearly 30 days.

Previously, the "BTC OG Insider Whale" engaged in swing trading ETH on November 25 and November 29, first going long then short, and after making a small profit, fully closed the positions on November 30. Monitoring data also shows that on December 1, addresses associated with the "BTC OG Insider Whale" (0xf6f, 0xF74, 0x411) borrowed a total of $220 million USDT from Aave and sent it to a Binance wallet, with address 0xf6f having staked over 126,000 ETH in total. On that day, ETH hit a 10-day low of around $2,718 before continuing to rise.

The "BTC OG Insider Whale" is an address that has been dormant for 8 years and once held over 50,000 BTC. Their trading activity has repeatedly aligned closely with Trump’s statements and movements in US policy. Notably, several hours before the major drop on October 11, this whale opened $500 million in BTC short positions, earning nearly $100 million and drawing significant market attention. BitForex CEO Garrett Jin has admitted to being associated with this address.