On Aug. 24, TradingBeats, formerly Hyperinsight, said a whale address beginning with 0xf517 has placed 190 non-reduce-only BTC sell orders between $79,654 and $108,888.
The trader is offering to sell 951.3 BTC with a notional value of about $91.787 million. The weighted average order price is about $96,488. BTC was quoted at $77,351 at the time of the update, putting the posted sell range about 3.0% to 40.8% above spot.
Current BTC position and reversal setup
TradingBeats said the orders are not flagged as reduce-only. That means if executed size goes beyond the whale’s existing long exposure, the position would flip directly into a short.
The address is currently holding a 94.1 BTC long using 40x cross leverage, valued at about $7.277 million, with an average entry price of $77,330.3. That is down from 109.4 BTC previously, indicating the trader has already reduced roughly 15.3 BTC.
Of the 951.3 BTC in sell orders, only around one-tenth would be used to close the current long. The remaining 857.2 BTC would become a new short position. If all of the orders are filled, the theoretical reverse short position would reach about $82.7 million.
At the same time, the address still has a 133.7 BTC buy order resting lower at $74,088, worth about $9.908 million.
Open orders in other tokens
Beyond BTC, the address also has 108 open orders in other tokens with combined notional value of about $8.932 million.
- HYPE: The whale currently holds a long position of 197,800 HYPE worth about $15.44 million, with an average entry of $62.52. It also has a $5 million buy order at $62.2, about 20.2% below the current price.
- LIT: The address has placed 71 sell orders between $3.8081 and $6, planning to add a short position of 362,200 tokens worth about $1.84 million.
- ZEC: The trader has placed 29 sell orders between $890.71 and $999, planning to open about 1,560 tokens in new short exposure worth about $1.484 million.
Trading profile noted by the monitor
According to the update, the whale trades across both U.S. equities and crypto markets and often participates in the most active names. It has repeatedly been identified as a major whale in the S&P 500, AMZN and SPCX, with historical total profit close to $30 million.
TradingBeats said its on-chain perpetuals and address analytics tool is now live, with support for real-time Hyperliquid data, address tracing and whale position analysis.