ChainCatcher report, according to HyperInsight monitoring, the whale (0x5d2f4) has canceled its limit buy order for 50 BTC at $50,525 on Hyperliquid, but will still purchase 50 BTC when BTC drops to $53,525. The whale initially entered a 20x leveraged short position of 499.91 BTC at $111,499.30 and has now fully closed the position, accumulating a total profit of $61.34 million over the entire cycle.
Whale Cancels BTC Buy Order at $50,525 After Profiting $61.34M from Short Position
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Summary
A whale (0x5d2f4) canceled a BTC buy order at $50,525 on Hyperliquid but plans to purchase 50 BTC if the price reaches $53,525. Previously, the whale opened a 20x leveraged short position of 499.91 BTC at $111,499.30 and closed it for a $61.34M profit. The whale’s actions were clearly guided by position trading strategies, with precise position sizing ensuring maximum returns.
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