Whale Closes Long Position at $39.37M Loss as Others Add 37,971 ETH in Two Days

A whale with a previously perfect trading record closed remaining long positions two hours ago, recording a $39.37 million loss, Hyperinsight data show on November 5. The "1011 insider whale" increased 5x leveraged positions to 500 BTC ($50.54 million) and 8,000 ETH ($26.12 million) 12 hours earlier, facing $4.92 million in unrealized losses. Meanwhile, "7 Siblings" added 18,053 ETH, bringing two-day purchases to 37,971 ETH for 133.49 million USDC at an average $3,515, while an address allegedly linked to Bitmine acquired 10,000 ETH worth approximately $32.72 million. Separately, a whale that borrowed 66,000 ETH repaid the loan in full, deposited USDC to Binance, and withdrew 34,155 ETH (roughly $111.6 million).