OG Whale Moves Again: $670 Million ETH Long Positions with a $22 Million Unrealized Loss, What’s Happened After Violent Accumulation in December

【Blockchain Rhythm】A large BTC holder who has been dormant for 8 years has recently become active again. This address, dubbed the “BTC OG insider whale” by market trackers, has attracted considerable attention due to its recent movements.

The latest data from December 15th shows that almost all of the ETH buy orders for this address have been filled. As of now, the total holdings of this account have expanded to $670 million, though it has an unrealized loss of $22 million.

Specifically, his position layout is as follows:

5x leveraged ETH long position is the core holding, amounting to $556 million, with an average price of $3,169. Currently, it has an unrealized loss of $16.8 million, about 15%.

5x leveraged BTC long position totals $88.57 million, with an average price of $91,500, a loss of $2.93 million, about 16%.

20x leveraged SOL long position is $32.52 million, with an average price of $137, unrealized loss of $1.88 million, with a decline of up to 115%.

Interestingly, this guy has been busy since the evening of December 7th. He gradually transferred $70 million from a major exchange to a DEX platform, then started a 5x leveraged ETH long position at an initial average price of $3,048. On the 10th, he added another $50 million to ETH, and on the 12th, he投入ed $110 million again, densely placing large buy orders in the $3,030 to $3,150 range, with a total size of about $92.7 million.

This address is quite influential. He once held over 50,000 BTC. After being dormant for a full 8 years, he recently began gradually converting some BTC into ETH. What’s more eye-catching is that his operations have repeatedly been highly synchronized with Trump’s statements and US policy trends — for example, just hours before the sharp decline on October 11th, he set up a $500 million BTC short position, ultimately making nearly $100 million in profit. This move sparked quite a bit of discussion in the market at the time.