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According to on-chain analyst Ember (@EmberCN), a large long address on Hyperliquid took profit and closed 60,000 ETH and 1,200 BTC early today, realizing approximately $45.3 million in profit. Its total long position size decreased from around $537 million to $143 million. Previously, all 120,000 ETH longs held by this address were fully closed, generating a realized profit of about $32.77 million. Of the original 3,000 BTC longs, 1,200 were closed, realizing approximately $12.53 million. It currently still holds 1,800 BTC longs with an unrealized profit of roughly $21.08 million, bringing its cumulative realized and unrealized gains to approximately $66.38 million.
Odaily News: According to Onchain Lens monitoring, a Hyperliquid trader held an ETH long position for 123 days with a notional value of $143 million, earning a profit of $7.11 million; another BTC long position was held for 37 days with a notional value of $50.35 million, earning a profit of $1.89 million. The trader has accumulated $9 million in profits from perpetual contracts.
Odaily News: According to Onchain Lens monitoring, BlackRock has purchased and withdrawn a total of 2,802.904 BTC, worth approximately $223.41 million, as well as 6,580 ETH, worth approximately $16.57 million, to its IBIT, ETHA, and ETHB ETF wallets.
According to a post by CryptoQuant analyst Woominkyu, since early July, BTC’s price has climbed from approximately $60,000 to $78,000, marking an increase of roughly 30%. Over the same period, overall market funding grew from $20.6 billion to $24.9 billion, nearing a high for this phase. He noted that, contrary to the price appreciation, the share of borrowed funds did not rise correspondingly. This indicator peaked on August 14 and has trended downward since, with the leverage ratio failing to recover significantly despite BTC accelerating its gains after August 19. He views the current capital structure as healthier than rallies driven by borrowed capital; however, should BTC prices stagnate while the borrowing ratio climbs again, it could emerge as a risk signal requiring close monitoring.
According to Ai Yi's data, as BTC surpassed $79,000, Maji fully closed their BTC long positions and trimmed longs on three other tokens, realizing approximately $333,000 in profits. Their remaining positions in ETH, HYPE, and PUMP are now worth roughly $94.92 million, with unrealized gains exceeding $2.88 million, further reducing the overall loss.
According to Odaily, on-chain analyst Ember monitoring revealed that half an hour ago, a whale transferred 8 million USDC to Hyperliquid and subsequently opened long positions in Bitcoin and ETH valued at $71.8 million. Among these, the long position in 600 BTC was valued at $46.94 million, with an entry price of $78,032; the long position in 10,000 ETH was valued at $24.89 million, with an entry price of $2,479.
According to QCP, BTC surged over 20% last week, peaking around $79,500 on Friday to mark its strongest weekly performance since March 2024. QCP noted that this rally was initially driven by large-scale short covering, followed by expanded demand in the spot market. US spot BTC and ETH ETFs posted combined net inflows of approximately $2.6 billion last week, the highest since October 2025. Among them, BTC ETFs recorded net inflows of roughly $1.92 billion and ETH ETFs saw net inflows of about $697 million, reversing the previous week's combined net outflows of approximately $392 million.
Odaily News, CryptoQuant analyst Axel Adler Jr. stated that as BTC rose from approximately $63,000 to $77,000 over the past 8 days, the proportion of BTC short-term holders (STH) in profit has climbed from 26.1% on August 17 to 74.9%, indicating that the majority of short-term holders have returned to a profitable state.Meanwhile, the net profit/loss indicator for short-term holders flowing to exchanges has turned positive, reaching +28,600 BTC as of August 24, surpassing the +25,000 BTC level. Axel Adler Jr. pointed out that if this indicator continues to stay above +25,000 BTC while BTC's upward momentum begins to slow, the risk of concentrated selling by short-term holders will further increase. Conversely, if the indicator falls back to near zero while BTC's price remains stable, it would suggest that potential selling pressure is easing.
According to Odaily, the ETH/BTC ratio has recently formed a "golden cross," where the 50-day moving average has crossed above the 200-day moving average. Since early June, ETH has consistently outperformed BTC, with the ETH/BTC ratio rising approximately 25% from its June 6 low.Historical data shows that the performance of ETH/BTC following a golden cross has been inconsistent. After the golden cross on July 25, 2025, the ratio rose about 36% over the following four weeks, but subsequently turned downward; following the February 2021 golden cross, it once surged approximately 93%. However, the two golden crosses in May and August 2022 both failed to sustain upward momentum. CoinDesk noted that the golden cross is a lagging indicator based on historical prices and does not necessarily imply that ETH will continue to outperform BTC going forward. (CoinDesk)
According to on-chain analytics platform Lookonchain (@lookonchain), after depositing 136.5 million USDC into Binance, Ceffu withdrew BTC and ETH worth $264 million. This includes 1,524 BTC (worth $117.9 million) and 59,484 ETH (worth $145.9 million).
According to on-chain analytics platform Lookonchain (@lookonchain), an address has shorted Bitcoin and Ethereum 14 times over the past five days, incurring losses on every trade for a cumulative total of $4.56 million. It has now executed its 15th short, opening a 300 BTC short position with 40x leverage, valued at $23.13 million.
Odaily News According to on-chain analyst Ai Yi's monitoring, Machi's total losses have narrowed to $25.94 million, down from a peak loss of $34.96 million a week ago. Currently, his four long positions show a floating profit of approximately $1 million: ETH 25x long, holding 30,249.6 ETH, position value of $73.67 million, entry price of $2,378.55, with a floating profit of $1.725 million; BTC 40x long, holding 383 BTC, position value of $29.57 million, entry price of $77,820.4, with a floating loss of $227,000; HYPE 10x long, holding 222,000 HYPE, position value of $17.86 million, entry price of $79.581, with a floating profit of $192,000; PUMP 10x long, holding 2 billion PUMP, position value of $9.96 million, entry price of $0.005225, with a floating loss of $492,000.
According to monitoring by analyst Ember, "Brother Maji" scaled up his long positions during last week's one-way rally, expanding a $150,000 position to $11.15 million and successfully recouping $11 million. However, his cumulative losses from holding ETH long over the past 10 months still total $35 million, leaving him with a net loss of approximately $24 million following this recovery. Currently, Brother Maji holds $129 million worth of long positions across ETH, BTC, HYPE, PUMP, and other tokens, with an overall leverage ratio of 12x.
According to tracking by on-chain analyst Onchain Lens (@OnchainLens), Wintermute is doubling down on shorts while transferring massive funds to Binance. Wintermute has injected millions of dollars into Hyperliquid, increasing short positions from $146.19 million to $190.77 million, with a current unrealized loss of $5.85 million. Top five short positions: ETH: $53.02 million; BTC: $30.66 million; SOL: $22.62 million; HYPE: $11.43 million; XRP: $10.19 million.
Odaily News - CryptoQuant analyst Darkfost stated on the X platform that the altcoin market has recently shown clear signs of recovery, with market structure undergoing changes, and "Altseason" may have entered its early stages. Data shows that from August 19 to 22, the total market cap of altcoins increased by approximately $215 billion, surging over 24% in just 3 days, pushing the total altcoin market cap back above $1 trillion.Darkfost pointed out that mid- and small-cap altcoins have performed the strongest in this rally. Due to their lower circulating market caps, these assets are more sensitive to capital inflows, while also carrying higher two-way volatility risks.Data from the Binance platform further reinforces the signals of an altcoin market recovery. Since last November, approximately 80% to 85% of altcoins have remained below the 200-day moving average (200-DMA), but currently 56% of Binance-listed altcoins have climbed back above this key technical indicator, suggesting the market may be entering a new cyclical phase.Darkfost believes this trend reversal is linked to a series of positive cryptocurrency signals recently released by Trump. On August 19, Trump stated that the U.S. would "massively purchase Bitcoin" and urged Congress to push through the CLARITY Act, while claiming his administration had ended previous unfriendly policies toward the crypto industry. These remarks boosted market sentiment, and against a backdrop of low trading volume and reduced selling pressure, substantial capital began flowing into the altcoin market, driving gains across multiple sectors simultaneously.Darkfost noted that from a historical perspective, the current broad-based altcoin rally is typically viewed as an important signal of the early stage of altseason. However, he also cautioned that the market has entered overbought territory in the short term, and investors should be wary of periodic pullbacks. If the overall upward momentum continues, new investment opportunities may still emerge down the road.
Odaily News According to on-chain analyst Ai Yi's monitoring, a whale who has been cyclically leveraging long positions on ETH and BTC has taken profits on another $7.24 million worth of ETH. The whale deposited 3,000 ETH into Binance 4 hours ago, with an average withdrawal price of $1,776.83 and an average deposit price of $2,413.4. If sold, this would yield a profit of $1.91 million. Since August 19, the whale has deposited a total of 13,887.15 ETH into exchanges, with cumulative profits reaching $6.727 million.
Odaily News Crypto analyst Ali posted on social platform X, stating that the end phases of Bitcoin’s two historical bear markets both exhibited a key characteristic—a sudden, powerful weekly reversal pattern. These “massive bullish candles” often catch the majority of market participants off guard and may serve as a signal for the start of a new bull market. Such moves are typically driven by “short squeezes.” As Bitcoin’s price rises, bearish traders continue to add short positions, but as the rally accelerates, these shorts are forced to cover, further fueling the upward momentum.Historical data shows that in 2019, near the end of Bitcoin’s bear market, a single week saw a 31.98% surge, followed by the onset of a new upward cycle. In January 2023, amid extremely pessimistic market sentiment following the FTX collapse, Bitcoin posted a 24.90% weekly gain, reversing prior bearish expectations.A similar pattern may now be unfolding in the current market. Although many investors, based on the “four-year cycle theory,” anticipated a market bottom in October, Bitcoin has recently rallied from $62,700 to $79,500, a one-week gain of 26.81%. If historical patterns hold, this robust weekly reversal could indicate that Bitcoin (BTC) has already entered the early stages of a new upward cycle.
Odaily News According to on-chain analyst Ai Yi's monitoring, as BTC fell below $76,000, the BTC short position held by the "Set 10 Big Goals First" trader has turned profitable again. Currently, they hold 1,830.724 BTC short positions, with a position value of approximately $139 million and an average opening price of $76,397.56, yielding floating profits of about $800,000.Additionally, they also hold 12,756.739 ETH short positions, with a position value of approximately $30.25 million and an average opening price of $2,371.57. At present, this position is facing floating losses of around $30,000.
Odaily News: According to Onchain Lens monitoring, Wintermute transferred 129,500 SOL to Binance, worth approximately $12.42 million, along with 169.5 BTC worth approximately $13.11 million, likely for sale. Additionally, 407.47 BTC was transferred through an intermediate wallet before being moved to Coinbase, valued at approximately $31.36 million.
According to Onchain Lens monitoring, a whale opened long positions of 1,000 BTC and 10,000 ETH on Hyperliquid approximately 47 days ago. The combined value of both positions currently stands at about $101.35 million, with cumulative unrealized profits of approximately $21.4 million. Of these, the BTC long position holds unrealized profits of about $14.8 million, while the ETH long position holds unrealized profits of about $6.58 million.