ETH price briefly dips to the average holding price of "BTC OG insider whale," with unrealized gains nearly $24 million wiped out

On December 11, according to Coinbob’s popular address monitoring, the ETH price briefly dipped to $3,175 and then rebounded. “BTC OG Insider Whale” (@0xb31) ETH long positions simultaneously fell below the 3177 USD holding average, with a current position size of approximately $383 million, a liquidation price of $2,235, and a peak unrealized profit of $25.3 million at 4 a.m. today. This address transferred a total of $70 million from a CEX wallet to Hyperliquid from the evening of December 7 to the morning of December 8, then opened a 5x leveraged ETH long position, with an average entry of $3,048. It transferred an additional $50 million yesterday. “BTC OG Insider Whale” is an OG address that held over 50,000 BTC for 8 years in silence, then gradually swapped some BTC for ETH. Its operations have repeatedly synchronized with Trump’s statements and US policy developments, including a $500 million BTC short position placed hours before the “10.11” market crash, generating nearly $100 million in profit and attracting market attention. BitForex CEO Garrett Jin stated that this address is linked to some of his clients.