Whale Bets on BTC Crash
According to HyperInsight monitoring, a whale betting on a BTC crash set limit buy orders to capture potential bottom-feeding opportunities as the price plummeted.
Limit Buy Orders Reveal Strategy
The whale entered a leveraged short position at $111,499.3 per BTC, shorting 499.91 BTC. Currently, the position has realized $14.28 million in unrealized profit and has collected $9.991 million in funding rate income.
Order book data shows that the whale plans to buy 400 BTC if the price drops to $76,228 and an additional 300 BTC if it falls further to $75,123.
- Short Entry Price: $111,499.3
- Leverage: 20x
- Unrealized Profit: $14.28 million
- Funding Rate Income: $9.991 million