The price of ETH briefly dipped to the average holding price of the "BTC OG insider whale," with nearly $24 million of unrealized profits already wipe...

According to Mars Finance, on December 11th, Coinbob's monitoring of popular addresses showed that the price of ETH briefly dipped to $3175 before rebounding. The ETH long positions held by the "BTC OG Insider Whale" (0xb31) simultaneously fell below the average holding price of $3177, with a current holding size of approximately $383 million and a liquidation price of $2235. The floating profit reached a high of $25.3 million at 4 AM today. This address transferred $70 million from its Binance wallet to Hyperliquid between the evening of December 7th and the morning of December 8th, subsequently opening 5x leveraged ETH long positions. The previous average price was $3048, and another $50 million was transferred yesterday. The "BTC OG Insider Whale" is an OG address that held over 50,000 BTC for eight years before gradually converting some of its BTC into ETH. Its operations have repeatedly been highly synchronized with Trump's rhetoric and US policy moves. Just hours before the "October 11th" crash, it placed $500 million in short BTC orders, profiting nearly $100 million, drawing market attention. BitForex CEO Garrett Jin stated that the address was associated with his clients.