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

According to HyperInsight monitoring, a whale (0x5d2f4) has set new limit buy orders for BTC. The current order book shows that it will buy 50 BTC when the price drops to $55,125; buy 50 BTC when the price drops to $53,525; and buy 100 BTC when the price drops to $50,525.

This whale entered a short position of 499.91 BTC with 20x leverage at a Bitcoin price of $111,499.3, and has currently received $10,001,400 from funding rate settlements.