On Aug. 13, BlockBeats reported that TradingBeats, formerly Hyperinsight, had tracked a major BTC whale short that was partially stopped out during Bitcoin’s rebound following the latest CPI release.
The whale bought back 600 BTC through six rounds of orders
The address, beginning with 0xff84, had previously been identified as the largest BTC short under tracking. It originally opened a 40x full-position short on 1,792.6 BTC, with the position valued at about $114 million. Its liquidation threshold had at one point been less than 0.7% away.
During the overnight rebound in BTC, the whale triggered 12 reduce-only stop-market orders across six rounds. In total, the trader bought back 600 BTC with notional value of about $38.563 million. That amounted to a position cut of roughly 33.5% and realized a loss of about $164,000.
The trader reopened part of the short after reducing exposure
After trimming the position, the whale rolled the trade and reopened a short on 269.3 BTC. The turnover was about $17.097 million, and the average execution price was about $63,476.
As of publication, the address still held a 40x full-position short on 1,411.9 BTC, with the position valued at about $89.57 million. That is a net reduction of about 21.2% from the peak. The average entry price stood at $63,899.4, while floating profit was around $650,000 and the return rate was about 28.8%.
Liquidation price rises to $64,131.2
The current liquidation price was $64,131.2, leaving it about 1.1% away from spot at the time of writing. The account still had 32 reduce-only stop-market orders in place. The nearest trigger price was $64,096, about $35 below the liquidation price.
TradingBeats says its analytics tool is now live
BlockBeats added that TradingBeats, an on-chain perpetuals and address analysis tool, is now live and supports real-time Hyperliquid data, including address tracing and whale activity tracking.