Whale Exits Near-Liquidation BTC Short, Flips Long With $34.6M Buy

Huo Xing Finance, citing TradingBeats tracking, said that on Aug. 26 the wallet address 0x6046—reported to have been within 2% of liquidation a day earlier—closed a 559.36 BTC short, realizing an estimated loss of about $810,100. Roughly 10 minutes later, the same address switched to a long position, buying 428.287 BTC for approximately $34.59 million at an average entry price of $80,761. The new position is currently in the red, with unrealized losses widening to about $677,100. Including the realized loss from the short close, total realized and unrealized losses are estimated at roughly $1.487 million, exceeding the address's current equity of about $1.277 million. At the time of writing, BTC was trading at $79,181. The position's liquidation price was around $77,163, about 2.5% below the market. No visible BTC stop-loss or partial close orders were observed for the address. Earlier coverage noted that a further 2% rise in BTC could have liquidated a whale shorting $45.22 million the previous day.