A leveraged bitcoin whale who posts under the name '先定 10 个大目标', publicly known by the handle @jasonleo, has cut roughly two-thirds of his long position after BTC failed to hold above $65,000, according to BlockBeats on Aug. 11. The trader's position size dropped from about 3,500 BTC to around 1,240 BTC following the reduction, which he said was executed above his cost basis. A position screenshot he shared shows a 5x leveraged long of 1,241.644 BTC, with the average opening price near $63,967.54. The margin backing the trade is approximately $15.87 million, while unrealized losses stand at about $52,000. The liquidation price, the level at which the position would be forcibly closed, is roughly $29,267.82. All position details come from the screenshot the whale posted alongside his statement. Rather than exiting entirely, he said, he is keeping a portion of the trade open to continue monitoring the market.
Whale sheds two-thirds of long position
BlockBeats reported on Aug. 11 that a leveraged bitcoin whale posting under the name '先定 10 个大目标' — handle @jasonleo — has cut roughly two-thirds of his long position after BTC failed to hold above $65,000. The trader's holdings dropped from about 3,500 BTC to approximately 1,240 BTC.
The whale said the reduction was executed above his cost basis, and he is retaining part of the position to keep observing the market.
Position screenshot: 5x leveraged long at $63,967.54 average entry
A screenshot he shared shows a 5x leveraged long of 1,241.644 BTC, with an average opening price of around $63,967.54. Margin stands at roughly $15.87 million.
The position is currently showing an unrealized loss of about $52,000, with the liquidation price set near $29,267.82.
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