BTC long positions worth tens of millions of dollars have been pre-positioned, apparently betting on a rebound in macro risk assets.

According to monitoring by TradingBeats (formerly Hyperinsight), an address starting with 0xa0....e553c has recently completed a clear BTC long position build-up. Order records show the address did not chase prices at a single point; it had previously attempted swing trading for BTC and the XYZ:100 index multiple times. This round, after confirming an uptrend around August 20, it gradually built its BTC position via multiple orders. Entry prices for the position range from approximately $53,653 to $66,667, with multiple large orders of ~132.67 BTC, eventually forming a BTC perpetual long position worth around $9.9 million. Currently, it holds BTC longs valued at $9.89 million, with an average entry price of $68,785.80, an unrealized profit of $760,000, and a return of 154%. The address has not allocated large sums to ETH, SOL, or other popular altcoins, instead concentrating its funds heavily on BTC. Its position adjustments appear to be front-running expectations of improved macro liquidity. Additionally, as early as the start of August, the address began positioning for the XYZ100 index, with multiple rounds of adding and reducing positions during that period. This development comes amid recent improved expectations for U.S. digital asset regulation, policy signals supporting crypto market structure development, and improved liquidity expectations pushing BTC back to key price levels. On-chain Perpetual (Perp) and address analysis tool TradingBeats is now live, supporting real-time viewing of Hyperliquid data, enabling full deep analysis from address tracing to whale operations, all at a glance.