TL;DR
- Two Bitcoin wallets, possibly belonging to the same trader, closed a nearly two-month-long position with an $11.6M gain.
- The Lookonchain platform identified addresses 0x5FA and 0x237 as having closed simultaneously while BTC was trading near $81,000.
- The liquidation of $225M in short positions in just 10 minutes fueled the rally that made such a gain possible.
A whale once again caught the attention of the entire market. The onchain analytics platform Lookonchain identified two addresses —0x5FA and 0x237— that could belong to the same investor and that simultaneously closed a long position held for nearly two months, accumulating a combined gain of $11.6 million while BTC traded near $81,000.
The details of the entry price and the exact size of the position were not publicly disclosed. However, the timing of the exit coincides with the more than 25% surge BTC recorded from $58,000 to above $80,000, a move that materialized on August 25 and represented a climb of approximately $20,000 during the period in which the whale held its position.
Two wallets(possibly belonging to the same whale) closed their $BTC longs 1 hour ago after holding them for nearly 2 months, making a $11.6M profit.
Wallets:
0x5FA92137445B8cAA21a85a4B69156B7Fc40C3C83
0x237152b038d88f4156a0cd71090462de7e3f0883 pic.twitter.com/bYf3oHMc2S— Lookonchain (@lookonchain) August 25, 2026
Bitcoin Rally
The context of the close cannot be separated from the dynamics behind the price. In just 10 minutes, $225 million in short positions were liquidated in the market, generating a bullish cascade that pushed BTC above five figures abruptly. This type of mass liquidation acts as fuel for price movements, amplifying trends and trapping those who had bet on the downside.
On the same day Bitcoin broke through $80,000, Arthur Hayes, co-founder of BitMEX, published an essay in which he argued that the expansion of the U.S. Treasury bond buyback program marked the beginning of a new bull market for Bitcoin. Hayes’ thesis aligns notably with the timeframe during which this whale kept its position open.
New Support?
The third quarter of the year is shaping up to be one of the strongest for BTC since 2021, with the second half of August playing a key role in the bullish momentum. Some large holders took advantage of the rebound to capitalize on gains after months of losses, given that BTC traded well below $70,000 for much of the year. Others, however, continued adding exposure, betting that there is still additional upside ahead.
The coming days will be decisive in confirming whether $80,000Â consolidates as a new support level or whether post-rally selling pressure forces a pullback.
