Cumulative Profits of Nearly $54 Million: Whale Smart Money Increased Bitcoin Long Position by Over 40x in Less Than Half an Hour, and Shorted SOL and XRP by 20x Each

By: theblockbeats.news|2025/08/08 20:41:59
0
Share
copy

BlockBeats News, August 8th. According to on-chain data, a whale recently added to their Bitcoin long position by more than 40x in less than half an hour, increasing their holdings by 158.32 BTC. The current value of their holdings is $30.46 million, with an average entry price of $117,170. At the same time, the whale opened a 20x short position on SOL and XRP, with holdings totaling $13.66 million and $1.19 million, respectively.

This address currently still holds a 10x long position on BNB. The whale has accumulated a profit of nearly $54 million on Hyperliquid.

-- Price

--

You may also like

2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?

The 2025 South Korean exchange's new token listing performance is structurally similar to Binance's, with no significant differences.

BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?

This article explains how BIP-360 reshapes Bitcoin's quantum defense strategy, analyzes its enhancements, and discusses why it has not yet achieved full post-quantum security.

50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?

Due to a fatal flaw in the transaction path, a $50 million DeFi operation was executed with almost zero protection, resulting in nearly the entire amount of funds evaporating in a tiny liquidity pool.

The Cryptographic Past of the Middle East

Reality is often more exciting than fiction.

Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin

When the baby boomer generation collectively sells off, who will become the "greater fool" in the next round of asset crashes?

Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech

AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.

Popular coins

Latest Crypto News

Read more