Whale 0xb31 Opens $166M Leveraged ETH Long at $3,048 Average on Hyperliquid

Address 0xb31, linked to a dormant Bitcoin OG holder, opened a 5x leveraged Ethereum long position worth $166 million with an average entry price of $3,048 on Dec. 8, Coinbob data show. The position shows unrealized gains of $940,000 and a liquidation price at $1,795.34. The whale transferred $70 million from Binance to Hyperliquid starting at 23:00 on Dec. 7, marking the largest position opening in 30 days. Associated addresses 0xf6f, 0xF74, and 0x411 borrowed a combined 220 million USDT from Aave on Dec. 1 and sent it to Binance, with 0xf6f collateralizing over 126,000 ETH. BitForex CEO Garrett Jin acknowledged connection to the address.