A crypto whale known as 'Set 10 Big Goals First' (@jasonleo) said on Aug. 11 that his medium-to-long-term trend view on Bitcoin remains unchanged, with the current area still seen as a cyclical bottom. In the absence of an extreme structural collapse, he continues to place the bottom zone for this BTC cycle near $58,000. The whale said he trimmed two-thirds of his position at an average cost of around $64,000, stressing that the move is not a change of direction but an active effort to control position risk and leave room for extreme scenarios. If the market develops as expected, he plans to gradually buy back the reduced positions. He also emphasized that the account is only a personal trading diary, not a signal for followers, and cautioned against copy trading. The trader typically uses 3x–5x leverage and pays close attention to risk management. Noting that Bitcoin has largely been range-bound recently, he said losses are usually limited for those who manage positions well, while traders using high leverage such as 10x or 50x face significantly amplified risk.
Bitcoin whale 'Set 10 Big Goals First' (@jasonleo) said on Aug. 11 that his medium-to-long-term bias for Bitcoin has not changed, reiterating that the current zone remains a cyclical bottom, according to BlockBeats. In the absence of an extreme structural collapse, he still sees the bottom area of this BTC cycle around $58,000.
The trader said he trimmed two-thirds of his position at an average cost of approximately $64,000. He stressed that the reduction is not a directional shift but an active risk-management step to preserve room for worst-case scenarios. If the price action matches his expectations, he plans to gradually buy back the positions he sold.
Jasonleo also emphasized that the account is only a personal trading journal, similar to a trading diary, and reminded followers not to copy his trades. He typically uses 3x to 5x leverage and focuses on risk control. In the current range-bound Bitcoin market, losses are usually limited for traders who manage positions properly, while those using higher leverage such as 10x or 50x face significantly amplified risks.
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