Long-term BTC short whale cancels $55,125 limit buy order to bottom fish BTC
According to ChainCatcher, monitored by HyperInsight, a whale (0x5d2f4) has canceled a BTC limit buy order at $55,125 on Hyperliquid, but still plans to buy 50 BTC when BTC drops to $53,525 and 100 BTC when BTC drops to $50,525.
This whale previously entered a 20x leveraged short position of 499.91 BTC when Bitcoin was at $111,499.3, and has now fully closed the position, with a total cycle profit of $61.41 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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