A whale wallet starting with 0x007d shifted its stance on Bitcoin early on Aug. 24, according to TradingBeats monitoring, executing 11 market buys in roughly two minutes to acquire 242 BTC. The total transaction value was about $18.809 million, with a weighted average execution price of $77,721.7, and roughly 80% of its capital was committed to BTC.
TradingBeats data shows the address has generated about $7.877 billion in cumulative perpetual futures volume across its full trading history. Since last year alone, its BTC trading volume has reached $3.234 billion, with short positions accounting for the majority of that activity.
As of publication, the address was holding a BTC long position worth about $27.299 million at 40x cross leverage, with a blended entry price of $77,710.7. BTC represented about 82.2% of the wallet’s total derivatives position value. The position was showing an unrealized loss of about $56,000, with a liquidation price at $66,730.2. No BTC resting orders had been placed at the time of writing.
A whale address beginning with 0x007d turned to the long side of Bitcoin early on Aug. 24, after making 11 consecutive market buys in about two minutes to purchase 242 BTC, according to TradingBeats monitoring. The trades were worth about $18.809 million in total, with a weighted average fill price of $77,721.7, and roughly 80% of the address’s capital was committed to BTC.
TradingBeats data also shows the address has recorded about $7.877 billion in all-time derivatives trading volume. Since last year, its BTC trading volume alone has reached $3.234 billion, with shorts making up the larger share of that activity.
At the time of publication, the wallet was holding a BTC long position worth about $27.299 million using 40x cross leverage, with a blended entry price of $77,710.7. BTC accounted for about 82.2% of the total value of its derivatives positions. The position was showing an unrealized loss of roughly $56,000, with a liquidation price of $66,730.2. No BTC orders had been placed at the time of writing.
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