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Four BTC Whales Set "Long Squeeze Level" Near $72,000, Over $800 Million Order Waiting for Dip
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BlockBeats News, August 28th, according to TradingBeats monitoring, BTC is currently trading at $79,337. Four large addresses currently hold a total of approximately 1113.5 BTC in orders ranging from $69,000 to $77,366, with a notional value of approximately $80.244 million based on the order prices, and a weighted average order price of around $72,067.5.

The four whales' current directions are not consistent, but if buy orders are executed, their positions will all move towards the long side:

- 0x469e· From Short to Long: Currently short 149 BTC with 25x leverage, with a position value of approximately $11.825 million; has placed 60 non-reducing buy orders from $69,000 to $73,700, planning to buy 500 BTC, with an amount of approximately $35.675 million. If all orders are filled, the existing short position will be closed first, followed by a long position of about 351 BTC;

- 0xec4· Long Position Opening: Currently has no BTC holdings, only placed 222 non-reducing buy orders at $71,711, amounting to approximately $15.92 million;

- 0xa445· Closing Short Position: Currently short 265.8 BTC with 40x leverage, with a position value of approximately $21.084 million and an unrealized loss of around $2.16 million; has placed covering nearly all position non-reducing buy orders at an average price of $71,209, amounting to approximately $18.924 million. After the order is executed, only the short position will be closed, with no subsequent long position;

- 0x0c4· Adding to Long Position: Currently long 528.2 BTC with 40x isolated leverage, with a position value of approximately $41.903 million, at an average entry price of $78,925.7; some of its previous orders have been partially filled, and it is currently waiting to buy 125.7 BTC at $77,366, amounting to approximately $9.725 million.

If all the above orders are executed, the total net position of BTC for the four addresses will increase from the current net long of about 113.4 BTC to a net long of about 1,226.8 BTC, adding exposure of about 1113.5 BTC.

Whale concentration zones are also high leverage risk zones. The liquidation price for 0x0c4 is around $72,973, which happens to fall within the buy order range of $69,000 to $73,700 for 0x469e. If BTC rapidly drops to this range, the market may see a simultaneous influx of new funds, short liquidation, and existing high leverage long liquidations.

Addresses:

0x469e9a7f624b04c24f0e64edf8d8a277e6bf58a5

0xec4a6f59960fb55a7fa49262e2628687b322cf62

0xa445a0a15b1d50fa0c4bfe6796d9447e0da5329d

0x0c4a3a7ac74d43732f9b5ea507f01ab72a381b19

Source: BlockBeats

Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

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