The post ETH Bounces as Dormant BTC OG Insider Whale Opens 5x Leveraged Long Worth $166 Million appeared on BitcoinEthereumNews.com. COINOTAG News reports that ETH briefly traded below $2,900 before turning higher. The BTC OG Insider Whale (0xb31) reportedly added to ETH long positions, building a stake near $166 million at an average entry of $3,048, with unrealized gains around $940,000 and a liquidation threshold near $1,795.34. Since 11:00 PM yesterday, roughly $70 million moved from a Binance wallet to Hyperliquid, followed by opening a 5x leveraged ETH long—the largest such exposure in nearly a month, per on-chain trackers. Earlier activity shows the same address engaging in ETH swing trading on November 25 and 29, initiating long positions and then closing with a modest profit on November 30. By December 1, trackers note a substantial USDT borrowing from Aave and transfers to a Binance wallet, supporting further ETH exposure. Analysts caution that attribution to a single market actor remains debated; while the address is linked to notable macro moves, credible confirmation is limited. Market participants should monitor BTC and ETH liquidity signals and maintain robust risk controls. Source: https://en.coinotag.com/breakingnews/eth-bounces-as-dormant-btc-og-insider-whale-opens-5x-leveraged-long-worth-166-millionThe post ETH Bounces as Dormant BTC OG Insider Whale Opens 5x Leveraged Long Worth $166 Million appeared on BitcoinEthereumNews.com. COINOTAG News reports that ETH briefly traded below $2,900 before turning higher. The BTC OG Insider Whale (0xb31) reportedly added to ETH long positions, building a stake near $166 million at an average entry of $3,048, with unrealized gains around $940,000 and a liquidation threshold near $1,795.34. Since 11:00 PM yesterday, roughly $70 million moved from a Binance wallet to Hyperliquid, followed by opening a 5x leveraged ETH long—the largest such exposure in nearly a month, per on-chain trackers. Earlier activity shows the same address engaging in ETH swing trading on November 25 and 29, initiating long positions and then closing with a modest profit on November 30. By December 1, trackers note a substantial USDT borrowing from Aave and transfers to a Binance wallet, supporting further ETH exposure. Analysts caution that attribution to a single market actor remains debated; while the address is linked to notable macro moves, credible confirmation is limited. Market participants should monitor BTC and ETH liquidity signals and maintain robust risk controls. Source: https://en.coinotag.com/breakingnews/eth-bounces-as-dormant-btc-og-insider-whale-opens-5x-leveraged-long-worth-166-million

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more