Important points
- A Bitcoin whale has initiated a $491 million long position in Ether.
- Market speculation suggests that this move may reflect insider knowledge or strong bullish expectations for Ethereum.
A Bitcoin whale identified as Bitcoin OG 1011short opened a $491 million long position in Ether today, according to data tracked by Lookonchain.
Just wild — this #BitcoinOG(1011short) continues to add to his longs.
Current position:
150,466 $ETH ($491M)
1,000 $BTC ($92.6 million)
212,907 sol ($27.8 million)
He also placed a limit order to add $40,000 of ETH at the price range of $3,030 to $3,258 and $50,000 of SOL at $138.6. … pic.twitter.com/QRRsLtuFXz
— Lookonchain (@lookonchain) December 12, 2025
The size of this position has sparked speculation in the crypto market that potential insider knowledge or market expectations are driving bullish bets on Ethereum’s native token.
The trader also took long positions in Bitcoin and Solana. Whale’s total long position is now over $614 million, and according to his latest update, he has transferred 5,152 BTC worth about $477 million to his new wallet.
According to CoinGecko, over the past 24 hours, Ethereum’s price has been mostly flat, while Solana has risen nearly 6% and Bitcoin has risen 2%.
