Coinglass data shows whale positions on Hyperliquid currently stand at $5.263 billion in total. Long positions account for $2.589 billion, or 49.19% of the total, while short positions stand at $2.674 billion, representing 50.81%. On the profit and loss side, long positions are showing losses of $61.0607 million, and short positions are down $15.1559 million. The data also highlights one whale address, 0x0ddf..02, which opened a 3x full-position short on ETH at $1,700.06. That position is currently showing an unrealized loss of $10.6227 million. The figures were cited by ChainCatcher based on Coinglass data.

ChainCatcher, citing Bitcoin Magazine and Bloomberg, said large holders bought about 43,000 bitcoin over the past 60 days, with a reported total value of roughly $2.7 billion. The figure points to continued large-scale flows into the bitcoin market during the period covered by the report.

Odaily reported, citing on-chain analyst Ember, that Unitree is expected to open at 9:30. Before the open, one address had already placed an order on Hyperliquid, planning to buy a $5 million long position in Unitree at $90. The input does not identify the address, and it does not say whether the order was filled. No other trading details were provided in the source material.

Galaxy Research said a long-dormant Bitcoin wallet beginning with 1Emi moved 8.54 BTC on Aug. 16, in a transfer valued at about $538,000 at the time. The wallet had reportedly remained untouched since receiving the coins in June 2011, when the acquisition cost was around $14. Based on the figures cited in the source, the transfer represents roughly $538,000 in profit and a gain of more than 460,000x over the original cost basis. Decrypt noted that movements from dormant early-era wallets often draw attention because traders watch for clues about what long-term holders may be doing. Even so, the report said the size of this transaction was too small to have a meaningful effect on overall Bitcoin market liquidity. The move was cited by Techub in a market analysis brief.

Arkham-tracked wallet 0x4B1 is sitting on a sizable unrealized loss after buying CASHCAT around the time the token landed on Robinhood. According to BlockBeats, the trader spent about $1.29 million to acquire tokens equal to roughly 0.85% of the total supply. The average entry implied a market capitalization of about $150 million at the time of purchase. After CASHCAT went live on Robinhood, the token fell about 30%, leaving the position with an unrealized loss of around $412,000. On-chain data shows the wallet has not sold any of its holdings so far. The trade has drawn attention because of both its size and the decision to keep the position open despite the decline.

A Bitcoin address that had remained untouched since June 13, 2011 moved 8.54 BTC for the first time in 15.1 years, according to blockchain monitoring cited by Galaxy Research. The wallet, beginning with “1Emi,” received the coins when Bitcoin traded at roughly $14 and later transferred the full balance on Aug. 16 in block 962,770. The holdings are now valued at about $538,000, implying a gain of roughly 461,981% based on the reported average cost basis. The move is the latest example of an old Bitcoin wallet reactivating after years of inactivity. Such events draw attention because wallets from Bitcoin’s earliest era are often presumed lost, either because holders no longer control the coins or no longer have access to their private keys. Analysts often watch Coin Days Destroyed in these cases, since a transfer from a long-dormant wallet erases years of accumulated coin age in a single move. Galaxy said the address has no public attribution, leaving the owner’s identity and intent unknown. Decrypt also noted that in many recent cases, coins from reawakened wallets have moved toward professional trading infrastructure rather than being dumped directly into the retail market.

Glassnode said Bitcoin remains in a tightly compressed market phase, with selling pressure easing but fresh buying still not showing up in a meaningful way. The firm said BTC has been trading mainly between $63,000 and $68,700, while overall market activity has fallen to its lowest level since 2019. Its 30-day Seller Exhaustion Constant has dropped to the lowest reading since 2013, but Glassnode said that alone does not confirm a historic market bottom. The firm warned that if Bitcoin loses the $58,500 level, the next support could come in around $52,800. Crypto analyst CryptoBusy said current seller exhaustion is nearing levels seen around prior bear market bottoms, though earlier cycles also saw deeper liquidation before a full washout was complete. Transform Group founder Michael Terpin said Bitcoin could bottom near $57,000 in October, adding that a full exhaustion of sellers is a key sign that a bear market is ending. Other analysts remain less convinced, noting that only two of Glassnode’s 10 capitulation indicators have been triggered so far and placing a possible bottom in the $49,000 to $53,000 range.

Monitoring data from TradingBeats, formerly Hyperinsight, shows that trader 「LucasMeow」 is running a sizable bearish book across platforms. On Hyperliquid, the account holds roughly $15.889 million in combined BTC and ETH short positions, including a 100 BTC short opened with 40x cross leverage and a 5,000 ETH short opened with 25x cross leverage. The two positions are currently showing about $503,000 in unrealized profit while using around $539,000 in margin. On Polymarket, the same trader has deployed about $466,700 across eight prediction positions described as a form of insurance for the shorts. Those include wagers that BTC will not fall into six lower price bands between $15,000 and $45,000 this year, that ETH will not drop to $800, and that Satoshi Nakamoto will not move BTC this year. TradingBeats said the maximum profit from those prediction positions is only about $50,800 even if they all settle in the trader’s favor, despite the capital committed being equal to 86.5% of the current margin used by the shorts. Under a static calculation cited by TradingBeats, if BTC rises to $96,715.7 and ETH rises to $2,542.59, the liquidation impact on the two short positions would total about $5.993 million. The trader also still has two non-reduce-only BTC sell orders at $62,277 and $61,500, intending to add another 125 BTC in shorts worth roughly $7.715 million notionally.