News linked to this event type.
Odaily News: Recent Bitcoin volatility has triggered a wave of leveraged long position liquidations. On August 22, hourly liquidations reached $529 million, with long positions accounting for $478 million; on August 23, an additional $84 million in crypto long positions were liquidated within one hour.Prediction market Kalshi launched the first spot Bitcoin perpetual futures contract approved by the U.S. Commodity Futures Trading Commission (CFTC) on June 3, with liquidations reaching $5.5 billion in the first two weeks. Kalshi CEO Tarek Mansour stated that the product offers U.S. institutions regulated onshore perpetual contract trading.Benjamin Schiffrin, Director of Securities Policy at Better Markets, pointed out that perpetual futures are high-risk crypto products for retail investors, and the CFTC did not impose additional investor protections when approving them. Analysis account Qmo noted that there are significant Bitcoin long liquidation pools in the $62,000 to $67,000 range; trader Money Bunny disclosed that short liquidations reached $2.7 billion to $3.5 billion within 24 hours. (Forbes Digital Assets)
Strategy (formerly MicroStrategy) CEO Michael Saylor denied reports that the company sold Bitcoin due to financing pressures, clarifying instead that it maintains ample cash reserves and continues to steadily increase its holdings.
Whale "Sets 10 Major Targets First" JasonLeo responded to the question of whether the current trend is a reversal or a major rebound by stating that their assessment is a "trend reversal."
Major whale "sets 10 key targets first" Jason stated that when he confirmed last month that the bottom of this cycle is around $58,000 for BTC, a key benchmark was Strategy's moves. He noted that from an operator's perspective, Strategy had to consider not only BTC's price direction, but also the market bottom, the company's proximity to its survival line, and its capital structure's resilience under extreme downside scenarios.
Odaily News: The whale "Set 10 Big Goals First" posted on X, stating that it will look for opportunities to rebuild BTC long positions. This upward trend has been more intense than previously expected, leading to an upward revision of expectations for the subsequent market.It noted that even entering the market after BTC rises to $80,000 or higher would not be too late, as there is still room for further upside. It also predicts that BTC is likely to reach $100,000 sooner than previously anticipated. Once BTC climbs to $100,000, it will reassess the potential upside of this trend.
CryptoQuant analyst Darkfost posted on X, stating that with the recent rise in ETH, whales of various sizes have returned to floating profits. However, current unrealized profits remain relatively limited, and no significant profit-taking pressure has yet formed.Data shows that the unrealized profit/loss ratio for addresses holding 1,000 to 10,000 ETH stands at 0.075, while that for addresses holding 10,000 to 100,000 ETH is 0.16. For large whales holding over 100,000 ETH, the ratio reaches 0.38.This indicator measures unrealized profit or loss by comparing the value of ETH at the time of its last transfer with its current value, providing insight into the overall profitability or loss of large holders.
According to monitoring by Lookonchain, a whale dormant for four years recently sold 1,400 BTC worth approximately $111.61 million. Four years ago, the whale acquired 2,200 BTC at an average price of $45,024, totaling around $99.05 million. He did not sell even when his unrealized gains peaked at $178 million during that period. He has now begun selling BTC, resulting in cumulative profits of approximately $76.5 million.
According to official announcements, Binance will adjust the cross-margin leverage borrowing and transferable collateral ratios, Unified Account margin ratio, and Unified Account Pro tiered margin ratio for certain assets on August 28, 2026, at 14:00 (UTC+8). The process is expected to take approximately 30 minutes.
Odaily News: CryptoQuant analyst Axel Adler Jr. stated that BTC has reclaimed the short-term holder cost basis of $68,200 during this rebound, while also breaking above the SMA111 at approximately $67,500 and the SMA200 at $69,000 on rising volume, bringing recent BTC buyers back into profit.However, he noted that the overall moving average structure remains bearish, with both SMA111 and SMA200 sitting below the SMA365 (around $83,200), meaning a larger-scale trend reversal has yet to be confirmed. Going forward, the key support zone to watch is the $68,000 to $69,000 area, while the $83,200 level serves as resistance above; only if BTC can break through and hold above the SMA365 could it serve as a significant confirmation signal of a trend shift.
Odaily News, CryptoQuant analyst Darkfost stated on the X platform that total BTC demand has continued to increase over the past 30 days, currently standing at approximately 170,000 BTC. He noted that although signs of short-term overextension in BTC are becoming increasingly apparent, the market appears to have entered an impulsive upward phase driven by demand, with new demand absorbing sell-side pressure from profit-taking.Historical data shows that synchronized growth in spot and futures demand is typically accompanied by strong upward trends. As long as current demand remains sustainable and absorbs short-term profit-taking orders, upward momentum may persist even as the market enters overbought territory.
Odaily News: According to EmberCN monitoring, Hyperliquid's largest long address took profit and closed 800 BTC positions 4 hours ago, worth approximately $64.4 million. Its original long position of approximately $537 million has now been reduced to only about $80 million, while another address still holds 1,000 BTC in long positions that have not yet been closed.Over the past three days, this whale has taken profits and closed approximately 120,000 ETH and 2,000 BTC positions, realizing profits of approximately $61.72 million.
According to monitoring by PeckShieldAlert, wallet address 0x854e...690d purchased YT reUSD in the market, driving the implied yield up to 20%, before quickly dumping the position and triggering the liquidation of approximately $36.39 million in PT reUSD loop positions on Morpho.
Odaily News: As AI trading sentiment cools and South Korean regulators take measures to curb related investment demand, leveraged ETFs tied to the country's chipmakers have seen nearly $1 billion in outflows this month.So far, Samsung Electronics-linked leveraged products have seen approximately $381 million in outflows in August, while SK Hynix-linked products have seen about $601 million. If this trend continues, it would mark the first monthly net outflow since these products were launched at the end of May. (Bloomberg)
Odaily News CryptoQuant analyst Moreno stated in a report that whales that recently accumulated positions have taken large-scale profit-taking during BTC's latest rebound, realizing over $1.2 billion in profits within three days — marking the largest profit-taking event on record for this group.Additionally, he noted that if BTC can hold above the whale cost basis of approximately $70,000, while the realized profits of whales gradually return to normal levels, it would suggest that new market demand is effectively absorbing their profit-taking sell orders.
According to on-chain analyst Ai Yi (@ai_9684xtpa), trader "Set 10 Big Goals First" (@Jason60704294) has completely stopped out and closed all additional BTC and ETH short positions. The three trades executed since this "comeback" have collectively turned into a loss, primarily representing a pullback from previously realized profits; the trader had previously disclosed cumulative gains of approximately $70 million. Specifically, profits from prior long positions reached about $20 million; the first short position incurred a loss of roughly $6.283 million; the first half of the second short position booked a confirmed loss of approximately $10.158 million, while the second half's loss remains undisclosed and is estimated at around $9 million. Based on known and estimated figures, the cumulative loss on the second short position may total approximately $19.158 million, bringing the combined loss from both short positions to roughly $25.441 million.
Odaily News: The whale known as "Setting 10 Big Goals First" posted on X to update the progress of its previous BTC short position. The whale stated that it had established a short position when BTC was in the $74,000-$76,000 range. When the price rapidly surged to around $79,500, it reduced most of the position. Although some short positions were re-established near $78,000 afterward, the early moves had already resulted in realized losses of approximately $10 million.The whale stated that despite BTC briefly falling back to around $76,000 over the weekend, reducing the position at that time still aligned with its trading discipline. As for the remaining position, the original plan was to set a hard stop-loss near $80,400. However, considering that if BTC's daily chart were to reclaim the $78,000-$78,500 level after the US stock market opens, it would close the position early and accept the loss. The whale claimed that even if this trade ultimately results in a loss, it is acceptable, as it does not want to miss out on a potential trend move from $80,000 to $100,000 in the future because of chasing back a single loss.In its latest reply, the whale confirmed that it has closed the remaining BTC short position and stated, "This trade is completely over."
Odaily News: According to Lookonchain monitoring, two addresses likely belonging to the same whale closed their BTC long positions 1 hour ago, having held them for nearly 2 months, realizing a profit of $11.6 million.
Odaily News: According to Lookonchain monitoring, a trader deposited $90,000 into Aster and opened a 50x leveraged long position on 49 BTC, with a position value of $3.95 million. Currently, the unrealized profit stands at $810,000, representing a return rate of 1025%.
According to on-chain analytics platform Lookonchain (@lookonchain), the unrealized gains on BTC holdings at Strategy, Michael Saylor's Bitcoin treasury company, have significantly improved over the past week, shifting from an unrealized loss of over $9.5 billion to an unrealized profit of over $4.7 billion.
Odaily News: According to Onchain Lens monitoring, Fireblocks Custody (9Ryc...4xfCxk) has deposited USD1 worth $28 million to Binance in three transactions over the past 21 hours, with amounts of $10 million, $15 million, and $3 million respectively.