Crypto 'OG Insider Whale' Establishes $560M Long Positions in BTC, SOL, ETH
A prominent cryptocurrency entity, identified as the 'BTC OG Insider Whale' (address 0xb31), has accumulated over $560 million in long positions across Bitcoin (BTC), Solana (SOL), and Ethereum (ETH), according to data from Coinbob's address monitoring on December 12. The whale initiated and continuously added to BTC and SOL long positions on December 12, valued at approximately $91.83 million and $13.63 million respectively. Furthermore, substantial ETH long positions, now totaling $452 million, were established and increased between December 7 and December 10, with further additions reported on the current day. This accumulation follows the whale's notable $500 million BTC short position opened prior to the significant market downturn on October 11, which reportedly yielded nearly $100 million in profit. Garrett Jin, CEO of BitForex, has previously stated that this address is associated with one of his clients.