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The Whale "Sets 10 Major Targets First" for this long position, with a position size of approximately $150 million, with unrealized gains potentially expanding to $5.15 million.
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BlockBeats News, July 21st, Contract Whale "First Set 10 Big Goals" this morning revealed a 4x leveraged long position on Bitcoin. On-chain analyst Ai Auntie (@ai_9684xtpa) estimated their entry price to be $63,827.06. The current long position is about 2,358.05 BTC, equivalent to $150 million. With Bitcoin breaking $66,000, their unrealized gains may have expanded to $5.15 million.

Previously, "First Set 10 Big Goals" stated that recent trades have mainly focused on short-term long positions and have not engaged in short positions. The risk-reward ratio for shorting at the moment is relatively low, as Bitcoin is considered to be near a cyclical bottom, and the subsequent trend may gradually emerge, initiating a new round of uptrend. Hence, they are unwilling to miss potential signals for initiation. The current position may be held for the medium to long term, but adjustments will still be made based on market conditions, and short-term trades may continue. In addition, in the next six months, a large-scale pullback in U.S. AI-related tech stocks is not ruled out.

Source: BlockBeats

Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

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