ETH Price Briefly Dips to "BTC OG Insider Whale" Holding Price, Unrealized Gains Retreat Nearly $24 Million

BlockBeats News, December 11th, according to Coinbob Popular Address Monitor, the ETH price briefly dropped to $3,175, then rebounded. The ETH long position of "BTC OG Insider Whale" (0xb31) simultaneously fell below an average entry price of $3,177, with a current position size of approximately $383 million, a liquidation price of $2,235, and a high intraday unrealized gain of $25.3 million at 4:00 AM today.

This address sequentially transferred $70 million from a Binance wallet to Hyperliquid from the night of December 7th to the morning of December 8th, then opened a 5x leveraged ETH long position with a previous average price of $3,048, and yesterday transferred an additional $50 million.

The "BTC OG Insider Whale" is an OG address that previously held over 50,000 BTC dormant for 8 years, later gradually swapping some BTC for ETH. Its operations have been highly synchronized with Trump's statements and U.S. policy trends. Just hours before the "10.11" crash, it positioned a $500 million BTC short, earning nearly $100 million, attracting market attention. BitForex CEO Garrett Jin stated that this address is related to some of his clients.