In the early hours of June 3, the well-known futures trader known as '10 Big Goals First' posted a screenshot on social media, revealing he had re-established a long position on Bitcoin. According to the image, he entered at $67,777 with 4x leverage, opening a position size of 281.789 BTC, which was at a slight floating profit at the time.
However, later in the afternoon, the trader updated his status, confirming that Bitcoin’s price had fallen to his pre-set stop loss level of $66,000. With the stop trigger activated, the long position was automatically closed, turning the earlier unrealized gain into a realized loss.
In the crypto derivatives market, a 'contract whale' refers to a trader or entity holding large positions, and their moves are often watched for clues on short-term direction. The stop loss execution by '10 Big Goals First' highlights how even strong directional views are paired with disciplined risk control — a fundamental aspect of leveraged trading.