Whale Who Was "Shorting BTC Long-Term" Cancels $59,138 "Buy the Dip" BTC Limit Order

BlockBeats News, February 6th, according to HyperInsight monitoring, the "Long-Term Short BTC" whale (0x5d2f4) has revoked the 59,138 USDT price "buy the dip" BTC limit order on Hyperliquid.

The whale entered a 20x leveraged short position of 499.91 BTC at a Bitcoin price of $111,499.3, and has since reduced the BTC short position to 68.33 BTC, still holding a floating profit of $3.184 million. Additionally, they have collected $10.0056 million through funding rate settlements.