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Long-term short position on BTC whale cancels $59,138 buy-the-dip limit order
ChainCatcher message, according to HyperInsight monitoring, the whale (0x5d2f4) has canceled a $59,138 limit buy order for BTC on Hyperliquid.
The whale entered a 20x leveraged short position with 499.91 BTC when Bitcoin was at $111,499.3, and currently the BTC short position has been reduced to 68.33 BTC, still showing an unrealized profit of $3.184 million. At the same time, it has collected $10.0056 million through funding rate settlements.