Hyperliquid whale adjusts BTC buy order strategy; $74.5 million buy order rises 2.8%

iconChainthink
Share
AI summary iconSummary
Whale activity on Hyperliquid saw a significant shift in BTC buy orders as a large whale adjusted its strategy. The whale, with an address starting in 0xf517, had initially placed $76.88 million in buy orders between $71,111 and $75,777 on September 2, but canceled them on September 4 after prices rose. On-chain data shows the whale now has a new buy order of $74.527 million at $77,888—2.8% higher than its previous top level. The whale also realized profits of 28.05 BTC, reducing its holdings to 78.31 BTC. Sell orders remain unchanged, with a $6.96 million order at $88,888 and 163 additional sell orders totaling $70.32 million.

ChainThink reports that, on September 8, according to TradingBeats monitoring, the Hyperliquid whale starting with 0xf517, whose three-tiered buy orders for BTC pullbacks had remained unfilled, canceled them on September 4 and raised its bid levels.

The original strategy was to place three buy orders totaling approximately $76.88 million between $71,111 and $75,777 on September 2, aiming to purchase $76 million worth of BTC.

Currently, only a buy order for 956.85 BTC at $77,888 remains, valued at approximately $74.527 million, up by about $2,111 or 2.8% from the previous highest bid price of $75,777.

Triggered by a mere 1.4% pullback from BTC’s current price. In terms of position adjustment, this whale has cumulatively taken profits on 28.05 BTC, realizing approximately $64,000 in gains, and has reduced their current holding to 78.31 BTC—a decrease of about 26.4%.

The upward liquidation plan remains unchanged: $88,888 has approximately $69.6 million in "reduce-only" sell orders, and an additional 163 regular sell orders, totaling approximately $703.2 million, are placed between $84,509 and $108,720.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.