Long-term shorting BTC whales cancel limit buy order for BTC at $59,138

According to HyperInsight monitoring, the whale (0x5d2f4) has canceled a limit buy order for BTC at the price level of $59,138 on Hyperliquid.

This whale entered a short position of 499.91 BTC with 20x leverage at a Bitcoin price of $111,499.3. Currently, the BTC short position has been reduced to 68.33 BTC, still yielding a profit of $3.184 million, while also having collected $10.0056 million from funding rate settlements.