Long-term shorting BTC whales set new limit buy orders for BTC

According to HyperInsight monitoring, a whale (0x5d2f4) has set new limit buy orders for BTC. The current order book shows that it will buy 100 BTC when the price drops to $64,967, and 200 BTC when the price drops to $59,138.

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 109.91 BTC, still yielding a profit of $3.686 million, while it has already collected $10.0011 million from funding rate settlements.