According to BlockBeats citing Hyperinsight monitoring, on May 8, three major BTC long addresses on Hyperliquid simultaneously closed positions over the past 30 minutes, creating 776 BTC sell orders worth approximately $62 million at an average price near $79,880. The positions were closed near breakeven levels. The three addresses traced back to transfers from HitBTC exchange, with on-chain records highly synchronized with trading activity, suggesting they belong to the same whale.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Block Records $173M Bitcoin Remeasurement Loss in Q1 2026, Raises Full-Year Guidance
According to Block's investor presentation, the fintech firm recorded a $173 million bitcoin remeasurement loss in Q1 2026, contributing to a net loss attributable to common stockholders of $309 million. The loss reflects fair value accounting for Block's corporate Bitcoin treasury and customer bitc
GateNews23m ago
Bitcoin Miner Core Scientific Reports Q1 Revenue of $115M, Net Loss of $347M
According to Odaily, Bitcoin mining company Core Scientific reported Q1 2026 total revenue of $115 million and net loss of $347 million. Bitcoin network average hashrate reached 970.8 EH/s this week (May 1-7), up 2.67% from the prior week's 945.5 EH/s, according to Cloverpool. Bitcoin
GateNews40m ago
Bitcoin Breaks Through $80,000 on May 8, Up 0.14% in 24 Hours
According to HTX, Bitcoin broke through $80,000 on May 8, with a 24-hour gain of 0.14%.
GateNews54m ago
Whale 0x568 Opens 443.42 BTC Long Position with 20x Leverage Worth $35.35M on May 8
According to Onchain Lens, whale 0x568 opened a long position of 443.42 BTC with 20x leverage, valued at $35.35 million, on May 8.
GateNews1h ago
Deutsche Bank Increases Strategy Holdings by $9.5M to $140.1M on May 8
According to BitcoinTreasuries.NET monitoring, Deutsche Bank increased its holdings of 53,215 Strategy shares worth $9.5 million on May 8. The bank, which manages $2.1 trillion in assets, now holds a total of 784,919 shares valued at $140.1 million.
GateNews2h ago
Bitcoin Approaches $85K Resistance as Spot ETFs Log $1.69B Five-Day Inflow Streak
According to Glassnode and The Block, spot bitcoin ETFs recorded their fifth consecutive day of net inflows on Wednesday (May 7), bringing the five-day total to $1.69 billion—the longest streak since July 2025. Bitcoin is trading near $81,000 and has cleared two key onchain cost basis levels: the
GateNews4h ago
