The "Bitcoin Whale" Closes Position Held for Two Months, Realizing a Profit of $11.6 Million

cryptonews.ruPublished on 2026-08-25Last updated on 2026-08-25

Abstract

Blockchain analytics platform Lookonchain identified two addresses likely belonging to the same trader, which simultaneously closed long Bitcoin positions held for nearly two months, securing a combined profit of $11.6 million. The exit coincided with Bitcoin's sharp rally above $81,000 on August 25th, a move linked by BitMEX co-founder Arthur Hayes to new U.S. Treasury bond-buying programs signaling a fresh bull market. The surge to $81,000 was fueled by $225 million in short liquidations within 10 minutes, creating a squeeze that propelled prices. While some large holders took profits after months of paper losses earlier in the year, others continued accumulating, betting on further upside. With Bitcoin having one of its strongest quarters since 2021, the market now watches whether the $80,000 level will hold as support or if profit-taking pressure will emerge. Macro voices like Hayes suggest Treasury liquidity could drive Bitcoin toward six figures, making the coming days crucial to see if such whale exits are isolated or the start of a broader trend.

Blockchain analytics platform Lookonchain identified two addresses (0x5FA and 0x237) that may belong to the same trader. Both wallets simultaneously closed long Bitcoin positions, concluding a trade this investor had held for nearly two months.

The total profit amounted to $11.6 million, although the exact entry price and position size remain unknown. The timing evidently coincided with Bitcoin's sharp price surge of $20,000 to the $81,000 mark on August 25th (a gain of over 25% during the position's holding period).

Bitcoin's breakthrough past the $80,000 level occurred on the same day that BitMEX co-founder Arthur Hayes, in a new article, stated that the expansion of the US Treasury's bond buyback program marked the beginning of a new bull market for this asset—this thesis precisely aligns with the period during which this major investor held his position.

A Rally Built on Liquidations

The whale's exit is just one of several events that contributed to Bitcoin's five-figure price increase. Data shows that the surge of $BTC to $81,000 occurred against a backdrop of $225 million in short position liquidations on the crypto market within 10 minutes—a chain reaction that can easily push prices upward.

Furthermore, some large holders took advantage of this rally to lock in profits after several months of paper losses for much of this year, given that Bitcoin traded significantly below $70,000 for a substantial part of this period. Others continued to accumulate positions, betting that the rally still had potential.

The third quarter has been one of Bitcoin's strongest since 2021, and the price action in the latter half of August played a significant role. Whether the wallet activity described above reflects "smart money" anticipating a local peak, or simply traders disciplinedly taking profits after a two-month hold, may become clearer in the coming weeks.

Bitcoin Price Levels Must Stabilize

The next few days will be crucial for the market, as both retail traders and institutional investors eagerly await whether the $80,000 mark will hold as a new support level, or if the aggressive short liquidations that fueled the latest rally will give way to profit-taking pressure. Furthermore, concerns about large-scale quantitative easing loom larger on the horizon, which could impact Bitcoin's price dynamics.

Finally, given the growing voices of Hayes and other macroeconomic experts arguing that Treasury liquidity dynamics could push $BTC into six figures, the coming days should show whether such whale exits are an exception or the beginning of a broader trend.

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Related Questions

QWhat event did the blockchain analytics platform Lookonchain identify regarding two specific wallet addresses?

ALookonchain identified that two wallet addresses (0x5FA and 0x237), which likely belong to the same trader, simultaneously closed long Bitcoin positions they had held for nearly two months.

QAccording to the article, what was the result of the Bitcoin whale closing its position?

AThe result was a profit of $11.6 million. The closing coincided with a sharp $20,000 surge in Bitcoin's price to $81,000 on August 25th, representing a gain of over 25% during the holding period.

QHow did the article link the Bitcoin price rally to market liquidations?

AThe article stated that the spike in Bitcoin's price to $81,000 occurred alongside the liquidation of $225 million worth of short positions on the crypto market within a 10-minute window, which acted as a chain reaction pushing prices upward.

QWhat is the critical question for the market in the near term, as mentioned in the article?

AThe critical question is whether the $80,000 level will hold as a new support level or if the aggressive short liquidations that fueled the recent rally will give way to profit-taking pressure.

QWhich prominent figure's market thesis is mentioned in the article as aligning with the whale's trading period?

AThe article mentions BitMEX co-founder Arthur Hayes. His thesis, published in a new article on the same day Bitcoin broke $80,000, stated that the expansion of the US Treasury's bond buyback program marked the beginning of a new bull market for Bitcoin.

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