Whale '1011 Insider' Exits Bitcoin Long, Opens $138M Leveraged Ethereum Position

A whale address identified as '1011 Insider' closed its Bitcoin long position and opened a 5x leveraged Ethereum long on Nov. 8, HyperInsight data show. The address holds 40,000 ETH in long positions valued at $138 million. The move marks a shift from Bitcoin exposure to leveraged Ethereum positions.