Recently, on-chain monitoring tools have detected new activity from a legendary address.

Last month, this account executed a textbook-level trade: on the day Bitcoin surged to $125,800, market sentiment was at its peak, and analysts everywhere were predicting $150,000. At that moment, this address opened a 50x short position at $125,800, then closed out entirely near $84,000, earning a profit of $200 million from a single trade.

After a month of silence, this account made another move today at 16:45 (UTC+8)—but the direction has changed this time.

According to on-chain data:
• Position size: $312 million (about 3,500 BTC)
• Strategy: 20x isolated margin long
• Entry price: $88,950
• Unrealized profit: About $12 million so far (ROE +45%)

What’s interesting is the timing. The next FOMC meeting isn’t until next Wednesday, yet this account is willing to hold a 20x leveraged position overnight right now. For an account of this size to make such an aggressive decision, either they have advanced information, or their risk appetite is off the charts.

Regardless of the reasoning, $310 million in real capital is on the table. Moves from whales of this caliber often reflect market expectations more directly than any technical analysis. Whether this will mark a turning point for the year-end market, the next few days of price action should provide the answer.