Key Highlights:
- BTC.top founder Jiang Zhuoer has repurchased 75% of his previously sold Bitcoin holdings, anticipating a short-term market recovery.
- High-leverage whale activity has surged, highlighted by a $33.13 million Bitcoin short, a $26.5 million multi-asset short basket, and an ancient wallet moving 100.02 BTC after 16.2 years.
- Notorious trader AguilaTrades reemerged after a six-month hiatus, depositing 499,000 USDC into Hyperliquid to initiate a 40x leveraged long position on 200 BTC.
Whale Capital Realignment: Jiang Zhuoer Buys Back Bitcoin
In a notable shift in market positioning, Jiang Zhuoer, the founder of the prominent BTC.top mining pool, announced on his X account that he has repurchased 75% of his previously liquidated Bitcoin holdings. Jiang stated that he expects a short-term recovery in BTC as market prices stabilize without sustaining deeper downturns alongside an uptick in spot demand. The buyback follows earlier profit-taking moves by Jiang, who previously offloaded portions of his Bitcoin holdings at price levels of $86,789 and $84,460.
Massive Derivatives Positions Emerge Across Major Exchanges
While some prominent market participants are positioning for a rebound, heavy speculative pressure continues to build across derivatives markets. Blockchain tracking data reveals that an anonymous whale opened an aggressive short position totaling 400 BTC using 40x leverage. The position carries a total notional value of $33.13 million, with an entry price locked in at $83,171 and a precarious liquidation threshold set at $86,042.
Concurrently, on-chain intelligence firm Lookonchain reported extensive multi-asset shorting on the Aster DEX platform, where another whale established 20x leveraged short positions across Bitcoin, Ethereum, Solana, XRP, and Dogecoin simultaneously. The cumulative value of these trades stands at approximately $26.5 million, securing an unrealized profit of around $586,000. Lookonchain detailed the allocation as follows: “Positions:3,629 $ETH ($9.33M) — $163,000 increase73,728 SOL ($8.52M) — $141,000 increase48.37M DOGE ($4.24M) — $224,000 increase1.68M $XRP ($2.37M) — $53,000 increase24 $BTC ($1.99M) — $5.6,000 increase”
Satoshi-Era Coin Movements and High-Stakes Trader Returns
Adding to the confluence of high-impact on-chain transactions, Galaxy Research observed the awakening of a dormant Satoshi-era address. A total of 100.02 BTC, valued at $8.55 million, was transferred after remaining inactive for approximately 16.2 years. The coins had sat untouched on the blockchain since they were originally acquired on July 30, 2010.
Simultaneously, high-stakes trader AguilaTrades returned to the derivatives arena following a six-month period of inactivity. Historically known for severe volatility—having faced liquidation 33 times and racking up cumulative lifetime losses of $37.64 million—the trader deposited 499,000 USDC into the decentralized perpetual exchange Hyperliquid. AguilaTrades immediately leveraged the capital to open a 40x long position covering 200 BTC, setting a liquidation price at $81,466.75.
Why This Matters
The convergence of large-scale repurchase activity from seasoned industry insiders like Jiang Zhuoer alongside dormant Bitcoin awakenings highlights an intense phase of portfolio reallocation. However, the prevalence of extreme leverage—spanning 20x to 40x across both long and short sides on decentralized venues like Hyperliquid and Aster DEX—points to an environment ripe for volatility. With liquidation thresholds tightly clustered around the low-to-mid $80,000 range, sudden directional swings could spark significant cascading liquidations across crypto exchanges.
Frequently Asked Questions
What drove Jiang Zhuoer to repurchase his Bitcoin holdings?
Jiang Zhuoer repurchased 75% of his previous Bitcoin holdings due to expectations of a short-term price recovery, noting that the market is stabilizing without further declines while buying interest continues to rise.
What are the details of the ancient Bitcoin transfer detected by Galaxy Research?
According to Galaxy Research, an address that acquired 100.02 BTC on July 30, 2010, transferred the entire amount—valued at approximately $8.55 million—after staying dormant for roughly 16.2 years.
What position did trader AguilaTrades open upon returning to the market?
Following a six-month hiatus, AguilaTrades deposited 499,000 USDC into Hyperliquid and established a 40x leveraged long position on 200 BTC, which faces liquidation if the price reaches $81,466.75.
