Overview of Trending Whale Movements: Whales Led by "1011 Insider Whale" Are All Going Long on Ethereum

On December 8, according to HyperInsight monitoring and comprehensive on-chain analyst data, the crypto market experienced increased volatility overnight and this morning. At the time of writing, Bitcoin has risen above $91,000 and Ethereum has broken through $3,100. During this period, smart whales led by the “1011 Insider Whale” have been unanimously going long on Ethereum. Notably, the “1011 Insider Whale” continued to add to their 5x leveraged ETH long position this morning, with a current long position of 54,277 ETH and an unrealized profit of $4.02 million. Two “CZ Counterparty” whales are also holding high-leverage Ethereum long positions but have not taken any action. Previously, the top BTC short position whale on Hyperliquid, pension-usdt.eth, switched to a 2x long ETH position this morning, holding 20,000 ETH at an average entry price of $3,087. During last night’s Ethereum dip, “Maji” liquidated all ETH long positions at a loss of $738,000; however, he subsequently went long again with 2,100 ETH ($6.18 million). In addition, Ethena Labs withdrew another 25 million ENA from CEX this morning (about $7.05 million). This wallet address currently holds 779.89 million ENA, worth about $207.7 million.