The price of ETH briefly dipped to the average holding price of BTC OG insiders, with unrealized gains having retraced nearly 24 million dollars

According to Coinbob's popular address monitoring, the ETH price briefly dipped to $3175, then rebounded. The BTC OG insider whale (0xb31) saw its ETH long position drop below the average holding price of $3177, with a current holding size of approximately $383 million, a liquidation price of $2235, and a peak floating profit of $25.3 million.

This address transferred $70 million from the Binance wallet to Hyperliquid between the evening of December 7 and the morning of December 8, and then opened a 5x leveraged ETH long position, with a previous average price of $3048, and transferred another $50 million yesterday. The BTC OG insider whale is an OG address that once held over 50,000 BTC and has been dormant for 8 years, later gradually exchanging some BTC for ETH. Its operations have often been highly synchronized 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 and attracting market attention. BitForex CEO Garrett Jin stated that this address is associated with its clients.