According to HyperInsight monitoring, a major whale known for long-term BTC shorting has recently made significant adjustments to their order placement strategy. On February 5, data showed the whale updated limit buy orders to purchase 100 BTC each at price points of $64,967 and $59,138 respectively.
Motivations Behind the Strategy Shift
Prior to this adjustment, the whale had entered a 20x leveraged short position on 499.91 BTC when prices reached as high as $111,499.3. Currently, the short position has been reduced to 68.33 BTC, still generating $2.73 million in unrealized profit. Additionally, the whale has collected $10 million through funding rate settlements.
- Limit buy orders adjusted to lower BTC price thresholds
- Significant reduction in short exposure indicating partial profit taking
- Substantial funding rate gains suggest enhanced strategy flexibility
This strategic move indicates that while the whale maintains an overall bearish stance, their approach has become more adaptive to market volatility, potentially leaving room for further adjustments should BTC rebound.