Four Whale Addresses Hold Large Bitcoin Orders Between $69,000 and $77,366

BlockBeats reported on August 28 that BTC was trading at $79,337, while four large addresses had placed a combined order of about 1,113.5 BTC between $69,000 and $77,366. According to BlockBeats On-chain Detection, the notional value of these orders was about $80.244 million, with a weighted average order price of about $72,067.5. The four whales are positioned differently, but if the buy orders are filled, each would move toward a long bias. One address, 0x469e, currently holds a 25x cross-margin short position of 149 BTC and has placed 60 non-reducing buy orders between $69,000 and $73,700 for 500 BTC. If fully executed, it would first close the existing short and then reverse to a long position of about 351 BTC. Another address, 0xec4, has no BTC position and has placed a non-reducing buy order for 222 BTC at $71,711. A third address, 0xa445, is short 265.8 BTC with 40x cross margin and has an unrealized loss of about $2.16 million. It has placed reduce-only orders covering nearly its entire position at an average entry price of $71,209, which would only close the short without opening a long position. The fourth address, 0x0c4, is long 528.2 BTC with 40x isolated margin at an average entry price of $78,925.7. Some of its earlier orders have already been filled, and it still has a buy order for 125.7 BTC at $77,366. If all orders are filled, the four addresses’ combined net BTC position would rise from a current net long of about 113.4 BTC to about 1,226.8 BTC, an increase of roughly 1,113.5 BTC in exposure. The whale accumulation zone is also a risk area for highly leveraged positions. 0x0c4’s liquidation price is about $72,973, which falls within 0x469e’s buy range of $69,000 to $73,700. If BTC falls quickly into that area, the market could see new buying, short profit-taking, and liquidations of existing high-leverage longs at the same time.