Whale Increases ETH Long Position to $198M; Separate Trader Borrows $100M USDT

A whale known as 'October 11 insider' increased its ETH long position to 55,132 ETH valued at approximately $198 million on November 11, with an unrealized profit of $7.33 million, Hyperinsight data show. A separate whale that had previously shorted 66,000 ETH borrowed 100 million USDT from Aave seven hours prior and withdrew 44,288 ETH worth $156 million from Binance. An address allegedly linked to Variant Fund transferred 2.818 million UNI to Coinbase Prime following Uniswap's fee switch proposal, with subsequent distributions to Binance, OKX, and Bybit. Trader James Wynn was fully liquidated on a 40x leveraged BTC short position, incurring a loss exceeding $100,000 and bringing his total losses to over $22 million.