"Long-term short BTC" whale cancels $55,125 "bottom-fishing" BTC limit buy order
Sources say that a long-term Bitcoin short whale canceled a $55,125 buy order on Hyperliquid, planning to buy 50 and 100 BTC when Bitcoin drops to $53,525 and $50,525 respectively. The whale previously shorted 499.91 BTC at $111,499.3, ultimately making a profit of $61.41 million.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
This whale is good. Expecting $BTC down to 50,000.
$ETH will follow to 1300 at least. Not a good outlook for goong long in the current market.