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.
You may also like
A bitcoin address dormant for 16.2 years has been activated, containing 50 BTC
Yen breaches the 160 level again! Japanese finance minister vows to "join forces" with the US Treasury to address unilateral volatility
After the yen fell below the critical 160 level, the Japanese finance minister stated that Japan would closely cooperate with the US Treasury Department to address unilateral volatility, reigniting speculation of joint intervention.
Crypto prices
More
