TradingBeats said on Aug. 21 that a recent BTC rally appears to be drawing on-chain attention back to crypto from U.S. and South Korean equities. One address highlighted by the platform, 0xb5…7a08, has shown a clear change in asset preference.
The address had previously been active for an extended period in equity-linked trades tied to major U.S. technology and AI names, including Microsoft, Nvidia, Meta, Amazon, Alphabet, Apple, Oracle, NBIS and SPXC. Its cumulative trading volume across those positions reached $131 million, according to TradingBeats.
In recent days, the address reduced trading activity tied to U.S. stocks and shifted its main risk exposure back to the crypto market. Trading records show it began adding aggressively to long BTC and ETH positions on Aug. 19, buying 15 BTC near $65,962 and another 170 BTC near $68,196, while also opening a 4,000 ETH long. The account is now centered on BTC and ETH, with total net asset value at about $7.3955 million and unrealized profit at roughly $6.5597 million.
BTC is currently the largest position, with a 40x leveraged long of 460 BTC carrying a notional value of about $35.7944 million. The average entry price was $66,720.90, and the unrealized profit stood near $5.1027 million. The address also holds a 20x leveraged ETH long worth about $9.5988 million, opened at an average of $2,038.20, with ETH quoted around $2,399.70 and unrealized profit of about $1.446 million.
BlockBeats reported on Aug. 21 that data tracked by TradingBeats points to a gradual shift in on-chain attention back toward crypto during the latest BTC rally, away from U.S. and South Korean equities. One whale address, 0xb5…7a08, was flagged as a visible example of that rotation.
According to TradingBeats, the address had been active for a long period in trades tied to U.S. equity-related assets. Its historical records cover technology and AI-linked names including MSFT, NVDA, META, AMZN, GOOGL, AAPL, ORCL, NBIS and SPXC, with cumulative trading volume reaching $131 million.
Its past positioning had leaned toward U.S. growth technology assets. Over the past few days, the address began cutting stock-oriented trades and moved its main risk exposure back into crypto. Its largest positions are now in BTC and ETH.
Large BTC and ETH longs were added from Aug. 19
Trading records show the address started building larger BTC and ETH long positions on Aug. 19. It bought 15 BTC near $65,962, added another 170 BTC near $68,196, and also opened a 4,000 ETH long position.
TradingBeats said the account captured BTC’s move from about $68,000 to $79,000. The account’s total net asset value is now about $7.3955 million, while unrealized profit has reached $6.5597 million.
BTC is the biggest position on the account
The address currently holds a 40x leveraged long of 460 BTC, with notional value of about $35.7944 million. The average entry price is $66,720.90, and unrealized profit is about $5.1027 million.
It also holds a 20x leveraged ETH long position worth about $9.5988 million. That position was opened at an average price of $2,038.20. With ETH currently around $2,399.70, the unrealized profit stands at about $1.446 million.
TradingBeats also said its on-chain perpetuals and address analytics tool is now live, with support for real-time Hyperliquid data and address-based whale activity tracking.
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