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Contract Whale Cuts Two-Thirds of BTC Long as Price Fails to Hold $65K
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News EditorA crypto contract whale known as 'First Set 10 Big Goals' (@jasonleo) said in a post that BTC failed to hold above $65,000, prompting him to cut roughly two-thirds of his long position above his cost basis. Holdings fell from about 3,500 BTC to around 1,240 BTC, with the remainder kept for observation. A position screenshot shows he is still long 1,241.644 BTC at 5x leverage, with an average entry price of approximately $63,967.54. Margin is about $15.87 million, unrealized loss roughly $52,000, and the liquidation price sits near $29,267.82.
ChainCatcher reports that 'First Set 10 Big Goals' (@jasonleo), a contract whale, said BTC's failure to hold above $65,000 has led him to sell about two-thirds of his long position above his cost basis. His position was cut from roughly 3,500 BTC to about 1,240 BTC, and he kept the remaining portion for further observation.
The position screenshot he shared shows he is currently long 1,241.644 BTC at 5x leverage. His average entry price is about $63,967.54, margin around $15.87 million, and unrealized loss near $52,000. The liquidation price stands at roughly $29,267.82.
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