Long-term shorting of BTC, giant whales cancel limit buy orders for BTC at $50,525

According to HyperInsight monitoring, the whale (0x5d2f4) has canceled a limit buy order for BTC at the price level of $50,525 on Hyperliquid, but will still buy 50 BTC when BTC drops to $53,525.

This whale entered the market with a 20x leverage short position of 499.91 BTC at a Bitcoin price of $111,499.3 and has now fully closed the position, with a total profit of $61.34 million over the entire period.