"BTC OG Insider Whale": BTC spot holdings reduced from 88,000 to 37,000; contract record is 6 wins and 1 loss

On December 9, according to Coinbob’s popular address monitoring, the “BTC OG Insider Whale” (0xb31)'s ETH long position’s unrealized profit has dropped to $3.45 million (8%), with an average entry price of $3,068 and a position size of about $217 million. At 11:00 today, this address placed a limit buy order for 2,000 ETH at around $3,120, totaling approximately $62.4 million. This order has now been fully filled, bringing the total long position to 7,000 ETH. Additionally, since the first position opened on Hyperliquid, this whale has a contract record of 6 wins and 1 loss, as detailed below:

• August 21: Opened a $30 million ETH long, closed on August 25, profitable;
• October 11: Two addresses opened a combined $110 million BTC and ETH short, (0x2eA) closed on the 11th, (0xb31) added to the position on the 13th, fully closed on October 15, profitable;
• October 20: Opened a $30 million BTC short, closed on November 23, profitable;
• November 4: Opened a $20 million BTC long, closed on November 8, loss;
• November 25: Opened a $10 million ETH long, closed on November 28, profitable;
• November 29: Opened a $3 million ETH short, closed same day, profitable;
• December 7 - present: Opened a $70 million ETH long, currently in unrealized profit.

According to Arkham tracking, this “BTC OG Insider Whale” has reduced BTC holdings from 88,000 to 37,000 since August. Calculated at a BTC price of $100,000, this is a reduction of about $5.1 billion, while the on-chain address still holds multiple tokens worth about $5.7 billion. Of this, BTC holdings are about $3.32 billion and ETH holdings about $1.83 billion. Major on-chain movements include:

• August to October: Continuously swapped BTC for ETH, BTC holdings decreased from 88,000 to 50,000, and purchased $5 billion worth of ETH through Hyperunit;
• October 16: Transferred 2,000 BTC to CEX, BTC price around $111,000 that day, and around $103,000 on the evening of the 17th;
• October 21: Transferred 3,000 BTC to CEX;
• October 22–November 2: Accumulated transfer of 1,900 BTC to CEX;
• December 1: Collateralized ETH and borrowed over 220 million USDT, then transferred to CEX platforms. ETH hit a low of $2,720 that day.

The “BTC OG Insider Whale” is a BTC OG address dormant for 8 years, previously holding over 50,000 BTC. Their operations are often highly synchronized with Trump’s statements and US policy trends. For example, they placed a $500 million BTC short hours before the “10.11” crash, earning nearly $100 million and attracting market attention. BitForex CEO Garrett Jin stated that this address is associated with its clients.