According to BlockBeats, on August 21st, TradingBeats (formerly Hyperinsight) monitored an address starting with 0xa0....e553c that recently completed a significant long position in BTC. The order history shows that this address did not simply chase the price up; it had previously attempted to trade BTC and XYZ:100 positions multiple times. After confirming the upward trend around August 20th, it gradually built its BTC position through multiple orders. The entry prices were distributed around $53,653-$66,667, with several large orders at the level of 132.67 BTC, ultimately forming a perpetual long position in BTC worth approximately $9.9 million. Currently, it holds $9.89 million worth of BTC long positions, with an average entry price of $68,785.80, a floating profit of $760,000, and a return of 154%.

This address did not allocate a large portion of its funds to ETH, SOL, or popular altcoins, but instead concentrated its capital in BTC. The changes in this address's positions appear to be an attempt to trade in anticipation of improved macro liquidity.

Furthermore, this address had already begun attempting to position itself in the XYZ100 index as early as the beginning of August, exhibiting multiple instances of adding and reducing positions. Combined with recent improvements in expectations for US digital asset regulation, policy signals regarding the structural development of the crypto market, and improved liquidity expectations driving BTC back to key price levels, this aligns with a broader trend.

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