Whale trader “先定 10 个大目标” said it quickly reopened a long position after closing its short, arguing that its medium- to long-term bullish view on Bitcoin has not changed. The trader said the key dividing zone from the previous bull market sits near $60,000, while mainstream Bitcoin mining costs are now concentrated in the $50,000 to $60,000 range. After Bitcoin briefly fell to $58,000 last month and recovered quickly, the trader said that move reinforced buying support in the area. Over the past month, Bitcoin has traded and changed hands repeatedly between $58,000 and $63,000, then regained footing near $66,000 after a pullback. In the absence of systemic risk or major fundamental changes, the trader said the risk-reward of adding fresh short positions at current levels is no longer attractive, and the market could see heavy-volume gains and a break above $72,000. If market structure does not materially change, the trader said Bitcoin has a relatively high probability of challenging $100,000 again around March next year. The post also said U.S. stocks, especially AI-related shares, are trading at relatively high valuations, while Bitcoin’s correlation with equities has dropped versus prior cycles. Public data also shows the trader has set the Binance futures account “Jason leo133” to private.
According to ChainCatcher, whale trader “先定 10 个大目标” said it moved back into a long Bitcoin position shortly after closing its short, saying its medium- to long-term bullish view on BTC remains unchanged.
The trader said a key dividing zone from the previous bull market sits near $60,000, while mainstream Bitcoin mining costs are currently concentrated between $50,000 and $60,000. Bitcoin briefly fell to $58,000 last month and quickly recovered, which the trader said further confirmed buying support in that area.
Over the past month, Bitcoin has seen extended consolidation and turnover in the $58,000 to $63,000 range. After the pullback, it regained footing near $66,000. Without systemic risk or major changes in fundamentals, the trader said the risk-reward of chasing shorts from current levels is no longer compelling, and the market could post a volume-backed advance and break above $72,000.
If the market structure does not change materially, the trader said Bitcoin has a strong chance of challenging $100,000 again around March next year.
The post also argued that U.S. stocks, especially AI-related sectors, are already trading at relatively elevated valuations and may face much larger swings ahead. Compared with several previous cycles, Bitcoin’s correlation with U.S. equities has dropped sharply, and BTC is gradually trading on a more independent path.
For risk control, the trader said an invalidation zone has been set for the current position. If the market falls back into the $61,500 to $64,000 range and price action proves the thesis wrong, the position will be closed immediately to limit losses. The trader wrote, “Views can change, but discipline cannot.”
Separately, the latest public data shows that whale “先定 10 个大目标” has set the Binance futures live-trading account “Jason leo133” to private.
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