Whale PnL diverges as BIT closes ETH longs with $31.26 million net profit

News Editor

2026-08-25 07:23:15

TradingBeats data tracked a split in performance among large crypto whale accounts that recently saw sharp gains in account equity. The biggest HYPE long remains at the top by unrealized profit, sitting on roughly $58.14 million in paper gains. By contrast, a BIT-linked whale has already exited its ETH position entirely, locking in about $31.26 million in net profit after funding and trading fees. The figures also show that the so-called BTC OG insider whale, described as the largest BTC long, is still not profitable overall. Its 1,268.3 BTC long is showing about $5.6 million in unrealized profit, but that is more than offset by an unrealized loss of about $13.4 million on a ZEC short, leaving the full portfolio down around $7.8 million. Other monitored accounts include an ETH whale that bought 20,000 ETH at an average price of $1,936 and has not reduced the position, a ZEC whale with gains building since entering 39 days ago, and Machi, whose recent recovery has improved short-term numbers but has not erased cumulative losses across the full cycle.

BlockBeats reported on Aug. 25 that, according to TradingBeats monitoring, performance among major whale accounts with sharply rising equity has split in recent days. The largest HYPE long still leads the group with about $58.14 million in unrealized profit, while a BIT-linked address cluster has fully exited its ETH trade and locked in roughly $31.26 million in net profit.

BTC OG whale remains in the red overall

The account labeled the "BTC OG insider whale," also described as the largest BTC long, is still not profitable on a portfolio basis. Its 1,268.3 BTC long is showing about $5.6 million in unrealized profit. At the same time, its ZEC short is carrying an unrealized loss of about $13.4 million, leaving the account down about $7.8 million across all positions.

BIT-linked whale has fully closed its ETH trade

The BIT-linked whale was the largest ETH long in the group. Four associated addresses had previously built a combined long position of about 120,000 ETH. Those positions have now all been closed. After deducting funding costs and trading fees, the net profit came to about $31.26 million.

HYPE, ETH and ZEC long positions still show gains

The largest HYPE long is holding 1.38 million HYPE in long positions, valued at about $112 million. The stated cost basis is $38.68, and unrealized profit stands at about $58.14 million. Funding and related costs are about $5.1 million.

Another account, identified as the "819 ETH insider whale," bought 20,000 ETH at an average price of $1,936 and has not reduced the position so far. The position is now valued at about $49.97 million, with unrealized profit of about $11.25 million.

The largest ZEC long entered the trade 39 days ago and is holding 20,800 ZEC. The account is currently up about $6.58 million on an unrealized basis, with cumulative profit across the full period at about $8.44 million.

Machi rebounds over 30 days but remains down over the full cycle

Machi's ETH, BTC and HYPE longs are showing combined unrealized profit of about $2.04 million. Over the past 30 days, cumulative profit reached about $10.26 million. Even so, the account remains down about $25.71 million on a full-cycle basis and has not yet returned to overall profitability.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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