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BlockBeats News, August 21st - The whale known as "10 Big Goals First" continued to update its latest trading trajectory and insights on X platform tonight. The whale stated that at the price of 72,500, it had considered pulling back its long positions. It placed limit orders in the range of 70,500 to 71,500, but they were not filled. "I wanted to re-enter the long positions that I had closed earlier. I placed long orders in the range of 70,500 to 71,500, and at the same time, placed a short order near 76,000. My expectation was that if there was a pullback to 70,500 to 71,500, I would re-enter the long positions; if there was no pullback and the price quickly surged to around 76,000, I would take advantage of a post-surge retracement."
Ultimately, the long orders below did not fill, and after the short order at 76,000 was executed, the price continued to surge to above 79,000. Therefore, in hindsight, the true misjudgment was not the medium-term direction but underestimating the strength of this uptrend and prematurely betting on a retracement.
Despite the recent loss on a short position, the whale mentioned, "I am still currently up by about $70 million in profit."
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