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Bitcoin whales execute large-scale trades and profit-taking
Significant movements by large-scale Bitcoin holders have been observed in recent weeks. Blockchain analytics firm Lookonchain reported that two wallets, potentially controlled by a single trader, closed a long position held for nearly two months. This exit resulted in an estimated $11.6 million profit as Bitcoin's price climbed toward $81,000. This price surge was accompanied by $225 million in short position liquidations occurring within a 10-minute window.
Separately, Galaxy Research identified that six long-dormant Bitcoin wallets, some inactive for over 15 years, moved a combined 553.59 BTC valued at approximately $40.15 million between August 16 and August 26. While most transfers went to unknown addresses, one transaction involving 40 BTC was sent to Boerse Stuttgart Digital, a German crypto custody and trading provider. One specific wallet, inactive since June 2011, transferred 8.54 BTC, representing a massive unrealized gain based on historical acquisition prices.
Entities
Arthur Hayes · Bitcoin · Boerse Stuttgart Digital · Galaxy Research · Lookonchain
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Six long-dormant Bitcoin wallets transferred 553.59 BTC worth $40.15 million between August 16 and August 26. crypto.news
- [● 2 SOURCES] Blockchain analytics platform Lookonchain identified two addresses that may belong to the same trader. bitcoinethereumnews.com · news.bitcoin.com
- [○ 1 SOURCE] One wallet had remained inactive since June 13, 2011. crypto.news
- [● 2 SOURCES] Two bitcoin wallets closed a long position held for nearly two months, resulting in an $11.6 million profit. bitcoinethereumnews.com · news.bitcoin.com
- [● 2 SOURCES] The Bitcoin price rose to approximately $81,000 on August 25. bitcoinethereumnews.com · news.bitcoin.com
- [● 2 SOURCES] $225 million in short positions were liquidated from the crypto market within 10 minutes during Bitcoin's surge. bitcoinethereumnews.com · news.bitcoin.com
- [○ 1 SOURCE] One transfer of 40 BTC reached an address associated with Boerse Stuttgart Digital. crypto.news
- [● 2 SOURCES] Bitcoin's surge to $81,000 coincided with $225 million in short positions being liquidated within 10 minutes. bitcoinethereumnews.com · news.bitcoin.com
- [○ 1 SOURCE] A wallet that had been inactive since June 2011 transferred 8.54 BTC. crypto.news