Whale Withdraws BTC Buying Order: Market Sentiment Shifts

According to HyperInsight monitoring, on February 6, a whale known for its long-term bearish stance on BTC canceled a limit buy order worth $59,138 on Hyperliquid.

Prior to this, the whale had shorted 499.91 BTC at $111,499.3 with 20x leverage. It has since reduced its position to 68.33 BTC, yet still holds a floating profit of $3.184 million and has collected $10.0056 million in funding fees.

This move has drawn market attention, with many analysts speculating that the cancellation may signal a shift in the whale’s outlook on BTC’s short-term trajectory.