Ancient Bitcoin OG Aggressively Bets $170M on Ethereum Long

The legendary whale known as "1011 BitcoinOG" has executed one of its most aggressive moves to date, deploying a massive capital injection to bet heavily on Ethereum (ETH). The entity has now deposited a total of $70 million USDC to Hyperliquid and significantly scaled its leveraged position. The whale’s ETH long position currently stands at 54,514 ETH, valued at approximately $170 million, with an average entry price of $3,048 and a liquidation price of $1,801.

The trader further reinforced this massive long by adding to the position recently and maintaining additional buy limit orders down to the $3,000 price level. This aggressive accumulation is the most intense action observed from this entity since the period following the "1011 flash crash" and mass shorting event. Furthermore, this institutional-level accumulation is supported by broader on-chain data: the total ETH held by large whales (wallets holding 10,000 to 100,000 ETH) has recently increased from 31.99 million to 32.24 million (ETH). This uptick has reached the highest level recorded, indicating a trend of accelerated accumulation among major spot holders. $ETH