Whale Addresses Add ETH Long Positions as Price Breaks $3,100
Several whale addresses increased Ethereum long positions on December 8 as BTC climbed above $91,000 and ETH broke through $3,100, HyperInsight and on-chain data show. The address "1011 Insider Whale" added to 5x leveraged ETH longs, bringing total holdings to 54,277 ETH with $4.02 million in unrealized profit, while Pension-usdt.eth switched from the top BTC short on Hyperliquid to a 2x long position of 20,000 ETH at an average entry of $3,087. Separately, Ethena Labs withdrew 25 million ENA tokens (approximately $7.05 million) from Bybit, increasing wallet holdings to 779.89 million ENA valued at roughly $207.7 million.