A whale wallet beginning with 0xe2ad has started filling a previously placed Bitcoin buying plan worth about $60 million, according to TradingBeats, formerly known as Hyperinsight. The first tranche was executed early on Sept. 2 after BTC pulled back.
The address passively bought 121.53 BTC for about $9.2974 million at an average price of $76,499.5, accounting for roughly 15.4% of the overall accumulation plan.
As of publication, the wallet was holding a 20x leveraged BTC long position of 121.53 BTC. The position was valued at about $9.386 million, with a blended cost of $76,499.5, an unrealized profit of around $89,000, and a return rate of about 19.1%.
17 limit orders remain open
The address still has 17 non-reduce-only limit orders on the books and plans to buy another 671.04 BTC, equal to roughly $50.88 million in notional value. Those orders are clustered between $75,479 and $76,245, with a weighted average order price of about $75,821.5, or around 1.3% to 2.3% away from the current market price.
If all remaining orders are filled, the wallet’s BTC long position would expand to about 792.58 BTC. Based on the executed portion and existing orders, the total plan is estimated at about $60.177 million, with a combined cost basis of roughly $75,925.5.
Plan had been flagged earlier
Earlier information showed the BTC buy plan had initially been close to $80 million before being adjusted later. At the time, the new address was said to be looking to go long near $75,000.
The original report also said that TradingBeats, an on-chain perpetuals and address analytics tool, is now live and supports real-time Hyperliquid data for address tracing and whale activity analysis.