Data: BTC OG Insider Whale BTC Position Changes and Contract Performance

According to market news, the ETH long position of the BTC OG insider whale (0xb31) has seen unrealized profits drop to $3.45 million (8%), with an average price of $3068 and a position size of approximately $217 million. This address placed a limit order to buy 2000 ETH at around $3120 today at 11 AM, amounting to about $62.4 million, and the limit order has now been fully executed, bringing the total long position to 7000 ETH.

Additionally, this whale's contract performance since the first opening on Hyperliquid is currently 6 wins and 1 loss, as follows: August 21: opened a long ETH position with $30 million, closed on August 25, profit; October 11: two addresses opened short positions in BTC and ETH with a total of $110 million, closed on the 11th, added to the position on the 13th, fully closed on October 15, profit; October 20: opened a short BTC position with $30 million, closed on November 23, profit; November 4: opened a long BTC position with $20 million, closed on November 8, loss; November 25: opened a long ETH position with $10 million, closed on November 28, profit; November 29: opened a short ETH position with $3 million, closed the same day, profit; December 7 to present: opened a long ETH position with $70 million, unrealized profit.

According to Arkham tracking, this BTC OG insider whale has reduced its BTC holdings from 88,000 to 37,000 since August, which, at a BTC price of $100,000, corresponds to a reduction of $5.1 billion. The current on-chain address still holds multiple cryptocurrencies worth approximately $5.7 billion. Among them, BTC holdings are about $3.32 billion, and ETH holdings are about $1.83 billion.

Significant on-chain movements are as follows: August to October: continuously exchanged BTC for ETH, reducing BTC holdings from 88,000 to 50,000, and purchased $5 billion worth of ETH through Hyperunit; October 16: transferred 2000 BTC to Coinbase, with BTC around $111,000 that day, and about $103,000 on the evening of the 17th; October 21: transferred 3000 BTC to Binance; October 22 to November 2: cumulatively transferred 1900 BTC to Kraken; December 1: mortgaged ETH and borrowed over 220 million USDT, then transferred to Binance, with ETH hitting a low of $2720 that day.

The BTC OG insider whale is a dormant BTC OG address that had previously held over 50,000 BTC. Its operations have often been closely aligned with Trump’s statements and U.S. policy trends, laying out a $500 million BTC short position just hours before the significant drop on October 11, resulting in nearly $100 million in profits, attracting market attention. BitForex CEO Garrett Jin stated that this address is associated with its clients.