Whale Frequently 'U-Turns,' Making Four Large Long and Short BTC Trades in One Night, Accumulating Nearly $500,000 in Losses

BlockBeats news, September 15th, according to TradingBeats monitoring, whale address 0xccf3...2a75 conducted four consecutive rounds of large-scale BTC open and close operations tonight, with the first three positions all closed.

Data shows that the address began building a BTC long position at around 20:50 Beijing time, with the position once increasing to about 900 BTC, worth about $68.74 million, and ranked as the third-largest long on Hyperliquid BTC; then at 22:09 it closed the position at about $76,384.68, holding for about 1 hour and 19 minutes, with a loss of about $312,100.

After that, the address again built a long position of about 1,000 BTC at 22:54, with a position value of about $75.85 million, and closed it at 23:00, making a profit of about $130,400, holding for only about 6 minutes. At 23:15, the address reversed and opened a short position of 1,000 BTC, worth about $76.01 million; 10 minutes later at 23:25 it closed the position, with a loss of about $278,400.

As of press time, the address has started a fourth round of operations, again opening a 650 BTC 40x leveraged short position, worth about $49.61 million, with an average opening price of about $76,382, and a current unrealized profit of about $33,600.