Whale Closes 2% BTC Short Position, Re-Enters Long with $34M Purchase

Huo Xing Finance reports that, according to TradingBeats monitoring, on August 26, the short position address 0x6046, which was only 2% away from liquidation yesterday, closed its short position of 559.36 BTC, incurring a loss of approximately $810,100. Approximately ten minutes after closing the short, the address immediately went long, purchasing 428.287 BTC for about $34.59 million at an average entry price of $80,761. The current position is now further underwater, with unrealized losses expanding to approximately $677,100. Combined with the realized loss from closing the short, the total realized and unrealized losses for this address amount to roughly $1.487 million—exceeding its current equity of approximately $1.277 million. As of publication, BTC is trading at $79,181, with a liquidation price of approximately $77,163—just 2.5% away from the current price. The address currently has no visible BTC stop-loss or partial close orders. Previously: If BTC rises another 2%, it will force a whale that shorted $45.22 million yesterday into liquidation.