BlockBeats reported on July 21 that the futures whale known as "Set 10 Big Goals" disclosed a 4x leveraged long position in Bitcoin earlier in the day. On-chain analyst Ai Yi (@ai_9684xtpa) estimated the entry price at $63,827.06, with the position totaling roughly 2,358.05 BTC, or about $150 million. As BTC moved above $66,000, the paper profit on the trade may have widened to $5.15 million.
The trader had previously said recent activity was focused mainly on short-term long positions and that no short trades had been opened for now. In that earlier post, the whale argued that the risk-reward profile for shorting was relatively low, while Bitcoin was sitting near what was seen as a staged bottom. The trader also said the position could be held on a medium- to long-term basis, though adjustments would still depend on market conditions and short-term trading remained possible. The same post added that AI-related U.S. tech stocks could see a sizable pullback over the next six months.
BlockBeats reported on July 21 that the futures whale known as "Set 10 Big Goals" shared a 4x leveraged long position in Bitcoin earlier in the day.
According to estimates from on-chain analyst Ai Yi (@ai_9684xtpa), the position was opened at an average entry price of $63,827.06. The long totaled about 2,358.05 BTC, putting the notional size at roughly $150 million. With BTC breaking above $66,000, unrealized profit on the position may have expanded to $5.15 million.
In a previous post, "Set 10 Big Goals" said recent trading had been focused mainly on short-term long positions, with no short trades taken for now. The trader said the risk-reward ratio for shorting was currently relatively low and that Bitcoin was still near a staged bottom, with the later trend possibly starting to take shape and a new round of gains potentially beginning, making it undesirable to miss a possible launch signal.
The trader also said the current position may be held as a medium- to long-term trade, but would still be adjusted based on market conditions, with the possibility of continuing short-term trading still on the table. The same post added that AI-related U.S. technology stocks may face a relatively large pullback over the next six months.
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