According to HyperInsight data, a well-known BTC bear whale (address 0x5d2f4) recently adjusted its strategy. The investor canceled the limit buy order set at $55,125 and shifted focus to lower price levels, planning to purchase 50 BTC at $53,525 and add another 100 BTC when prices hit $50,525.
Bearish Whale Scores Major Gains
This whale previously shorted nearly 500 BTC with 20x leverage when BTC reached $111,499.3. After successfully riding the downtrend and closing positions completely, the investor pocketed over $61.4 million in total profits, showcasing exceptional market foresight.
- Revised entry: 50 BTC at $53,525
- Deep dip play: 100 BTC at $50,525
- Historic win: Over $61 million in bear market profits