An Almost $80 Million USD BTC Buy Order Was Front-Run, New Address Plans to Long Near $7.5k

BlockBeats News, August 31st, according to TradingBeats (formerly Hyperinsight) monitoring, a recent new address concentratedly placed 30 BTC non-decreasing limit orders at 14:22 today, with prices ranging from $75,000 to $76,000. The total planned purchase is 1,046.7831 BTC, recalculating the notional amount at approximately $79.032 million based on the order price.

The address currently holds no position, with all 30 orders having the same quantity of 34.892 BTC each, with a single amount of approximately $2.62 million to $2.65 million. The BTC price is currently at $78,689.4, with these buy orders representing a range of 3.42% to 4.69% below the current price.

It is reported that this address was activated 4 days ago, received around $5.1 million in funds, subsequently shorted 4 times, profiting $330,000. If the orders are filled, it will be the first long position for this address.

The on-chain Perp and address analysis tool TradingBeats is now live, supporting real-time viewing of Hyperliquid data, from address tracing to whale operations, providing in-depth analysis for full visibility.