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Long-term BTC short whale cancels $50,525 limit buy order, still plans to bottom-fish at $53,525

bitcoin news Daily Crypto News

2026-03-21 15:33:29

BTC0.89%

Gate News, March 21 — According to HyperInsight monitoring, the on-chain address 0x5d2f4, a long-term Bitcoin short whale, has canceled its previous limit buy order for BTC at $50,525 on the Hyperliquid platform. However, it still maintains an order to buy 50 BTC at $53,525.

Previously, this whale shorted 499.91 BTC at a 20x leverage when Bitcoin was priced at $111,499.3. It has now fully closed the position, with a total profit of $61.34 million.

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