Bitcoin Whale Closes Two-Month Long, Secures $11.6 Million Profit

On August 25, 2026, blockchain analytics firm Lookonchain identified two addresses (0x5FA and 0x237) that appear to belong to the same investor. Both wallets closed their long Bitcoin positions simultaneously, ending a trade held for almost two months.

Profit Realized

The combined profit from the exits was reported at $11.6 million. The exact entry price and position size were not disclosed, but the timing coincided with Bitcoin’s rise from roughly $58,000 to just above $81,000, a gain of more than $20,000 per coin.

Market Context

The price surge occurred alongside the liquidation of approximately $225 million in short positions within a ten‑minute window, contributing to upward pressure on Bitcoin’s price. The broader market has seen large holders lock in gains after periods of paper losses earlier in the year, while other participants continued to add to positions.

Outlook

Analysts note that the next few days will be critical for determining whether the $80,000 level can hold as support. Macro commentary, including remarks from BitMEX co‑founder Arthur Hayes about U.S. Treasury bond buybacks, suggests potential bullish momentum, but concerns about future quantitative easing remain.