Bitcoin Whale Adds $25 Million Sell Order, Plans to Close Long Above $88,800 and Flip Short

BlockBeats news, September 22: According to TradingBeats monitoring, an address starting with 0xf517 on Hyperliquid added a regular limit sell order for approximately $25 million worth of BTC at $89,444 this morning, intending to sell 279.50 BTC. It also maintained a take-profit order of approximately $6.25 million at $88,777, with non-reducing sell orders above totaling approximately $30.5 million.

As of press time, the address still holds the aforementioned long position, with an average entry price of approximately $81,273.5, a position value of approximately $6.034 million, and unrealized profit of approximately $312,000. There were no BTC transactions today.

If the position and pending orders remain unchanged and are executed, the address will shift from long to short, establishing a maximum short position of approximately 341.38 BTC. Meanwhile, the address still maintains regular buy orders of approximately $47.196 million in the $67,777 to $78,777 range, with approximately $20 million at the $78,777 level.