"Bitcoin OG Insider Whale" increases ETH long orders and reduces BTC holdings, with on-chain assets still exceeding US$5.7 billion
According to tracking by Coinbob and Arkham, "BTC OG Insider Whale" has recently made significant adjustments in its contract and spot positions: ETH long orders have further increased, and BTC spot positions have declined.
(Previous summary: Robinhood competes for crypto whales: slashing US user fees, launching new XRP, SOL, DOGE, SUI perpetual contracts + high leverage to the EU)
(Background supplement: Bitcoin fell below 91,000, Ethereum held on to $3,000, Hyperliquid long and short whales fought)
According to Coinbob popular address monitoring 12 According to information on March 9, the floating profit of ETH long orders of "BTC OG Insider Whale" (0xb31) dropped to approximately US$3.45 million (about 8%), with an average price of US$3,068, and a position size of approximately US$217 million. At 11:00 that day, a limit price of 2,000 ETH (approximately $62.4 million) was set at approximately US$3,120, and all transactions were completed. The current long positions totaled 7,000 ETH.
The news cited Arkham tracking. Since August, the address’s BTC holdings have dropped from 88,000 to 37,000. If BTC is estimated at US$100,000, the holdings will be reduced by approximately US$5.1 billion. Currently, on-chain addresses still hold multiple assets worth approximately $5.7 billion, including approximately $3.32 billion in BTC and approximately $1.83 billion in ETH.
Contract record: 6 wins and 1 loss
The whale’s contract record on Hyperliquid has been 6 wins and 1 loss since the first order was placed. The time sequence is as follows:
- August 21: Opened long ETH for US$30 million, closed the position on August 25, and made a profit.
- October 11th: Two addresses opened BTC and ETH short orders for a total of US$110 million; the position was closed on the 11th (0x2eA), the position was increased on the 13th (0xb31), and the position was completely closed on October 15th with a profit.
- October 20: Opened short BTC with $30 million, closed the position on November 23, and made a profit.
- November 4: Opened long BTC with $20 million, closed the position on November 8, with a loss.
- November 25: Opened long ETH with $10 million, closed the position on November 28, and made a profit.
- November 29: Opened short ETH with $3 million, closed the position on the same day, and made a profit.
- December 7 to present: Opened long ETH with $70 million, currently floating profit.
On-chain trends: from BTC to ETH
Large changes on the chain show the pace of capital allocation:
- August to October: BTC continued to be swapped for ETH, BTC dropped from 88,000 to 50,000, and approximately US$5 billion of ETH was purchased through Hyperunit.
- October 16: Transferred 2,000 BTC to Coinbase (BTC on that day was approximately US$111,000; on the evening of the 17th, approximately US$103,000).
- October 21: Transferred 3,000 BTC to Binance.
- October 22 to November 2: A total of 1,900 BTC were transferred to Kraken.
- December 1: More than 220 million USDT were lent against ETH and subsequently transferred to Binance; the low of ETH that day hit $2,720.
This OG address, which has been dormant for 8 years and once held more than 50,000 BTC, has maintained a high winning rate on contracts in recent months and flexibly switches between spot and leverage. Many actions in time were synchronized with US policy tone or market events. For example, a US$500 million BTC short order was placed a few hours before the "10.11" crash, and it was said that the profit was nearly US$100 million.
