Tens of Millions of Dollars in BTC Long Positions Set Up in Advance, Suspected Bet on Resurgence of Risk Assets

BlockBeats News, August 21st, according to TradingBeats (formerly Hyperinsight) monitoring, an address starting with 0xa0....e553c recently completed a significant BTC long positioning. From the order records, it can be seen that this address did not chase after the price but instead made multiple attempts to trade BTC and XYZ:100 positions. In this round, after identifying the uptrend around August 20th, the address gradually built up its BTC position through multiple orders. The entry prices ranged from $53,653 to $66,667, with multiple large orders at the 132.67 BTC level, ultimately forming a BTC perpetual long position worth approximately $9.9 million. Currently, it holds a $9.89 million BTC long position with an average entry price of $68,785.80, with an unrealized profit of $760,000 and a return of 154%.

This address did not significantly allocate funds to ETH, SOL, or popular altcoins but instead highly concentrated its funds in BTC. The address's position changes seem more like anticipating improvements in macro liquidity through trading.

Additionally, this address had already started attempting to position itself in the XYZ100 index in early August: there were multiple instances of adding to and reducing the position. Considering the recent expectations of improved U.S. digital asset regulation and the signals released at the policy level regarding the construction of the crypto market structure, coupled with the anticipated liquidity improvement driving BTC back to a key price area.

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