According to TradingBeats (formerly Hyperinsight), a whale starting with 0xf517 currently has 190 BTC sell orders in the range of $79,654 to $108,888, planning to sell 951.3 BTC, with a nominal amount of approximately $91.787 million and a weighted average sell price of about $96,488. BTC is currently reported at $77,351, with the sell order range being about 3% to 40.8% higher than the current price. Since the above orders are not “only for reducing positions,” if the transaction volume exceeds its existing long position, it will directly lead to a short position.

This whale currently holds 94.1 BTC long positions with a 40x leverage, valued at approximately $7.277 million, with an average entry price of $77,330.3; it has reduced its previous holding of 109.4 BTC by about 15.3 BTC. About 10% of the 951.3 BTC sell orders are used to close long positions, while the remaining approximately 857.2 BTC will be converted into new short positions. If all are executed, the theoretical size of the short position would be about $82.7 million. Meanwhile, this address still has a buy order for 133.7 BTC at $74,088, valued at approximately $99.08 million.

It also has 108 open orders in other cryptocurrencies, with a total nominal amount of about $89.32 million, mainly including: HYPE replenishment orders: it currently holds 197,800 HYPE long positions, valued at approximately $15.44 million, with an average entry price of $62.52, and has placed a buy order for $5 million at $62.2, which is about 20.2% lower than the current price. LIT has 71 sell orders in the range of $3.8081 to $6, planning to add short positions of 362,200, amounting to about $1.84 million; ZEC has 29 sell orders in the range of $890.71 to $999, planning to open about 1,560 short positions, amounting to about $1.484 million. It is reported that this whale’s layout spans both the US stock and cryptocurrency markets, often participating in the hottest targets, and has repeatedly become a major whale in S&P 500, AMZN, SPCX, etc., with a historical total profit of nearly $30 million.