According to Odaily, the derivatives whale known as “Set 10 Big Goals First” said its previously opened 4x leveraged long position in Bitcoin has been closed after hitting the trade invalidation zone and triggering a stop loss. The address had entered the trade at about $64,940 and was holding 2,933.635 BTC. The position was valued at roughly $447 million, backed by margin of about $47.48 million. Despite the exit, the trader said the medium- to long-term view on Bitcoin remains bullish. The whale described the area around $60,000 as an important support zone and said BTC still has a relatively high chance of challenging $100,000 before March next year if the market structure does not change materially.
According to Odaily, the derivatives whale known as “Set 10 Big Goals First” said its previously opened 4x leveraged BTC long has been stopped out after entering the trade invalidation zone.
The address had opened the position at around $64,940, holding 2,933.635 BTC. The position was worth about $447 million, with margin of roughly $47.48 million.
The trader said the medium- to long-term outlook for Bitcoin remains bullish, adding that the area around $60,000 is an important support zone. If market structure does not change in a meaningful way, BTC still has a relatively high chance of challenging $100,000 before March next year, the whale said.
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