Crypto whale trader "Set 10 Big Goals First" broke a four-day silence on Aug. 25 and said he is looking for a chance to rebuild long positions after being stopped out. In remarks cited by BlockBeats, the trader said the current move has been stronger than he had expected and that getting back in at $80,000 or even above that level would still not be too late, adding that there remains room for the market to climb. He also said he now believes Bitcoin is likely to reach $100,000 earlier than he originally anticipated, and that the next phase of the trend should be reassessed after that level is reached. Earlier in the day, BlockBeats reported that BTC had moved above the trader’s stop-loss price of $80,500. If the positions had remained unchanged, the unrealized loss would now stand at $9.86 million. The whale had previously disclosed a short position of 1,830.724 BTC, worth about $148 million, opened at an average price of $76,397.56, along with a short position of 12,756.739 ETH, worth about $32.05 million, opened at an average price of $2,371.57.
Crypto whale trader "Set 10 Big Goals First" spoke publicly again on Aug. 25 after four days of silence, saying he is looking for a chance to rebuild long positions.
According to BlockBeats, the trader said: "Next, I’ll look for opportunities to get my longs back. This round of the trend has come in more violently than I originally imagined, and that means the upside can be viewed more boldly. Getting back in at $80,000 or even above $80,000 is still not too late in my view, and there is still room. There is a high probability that $100,000 will be reached earlier than I originally expected. After $100,000, I’ll reassess how far this trend can go."
Earlier on the same day, BlockBeats reported that BTC had broken above the trader’s stop-loss level of $80,500. If the position had not changed, the unrealized loss has now reached $9.86 million.
The whale had previously disclosed a short position of 1,830.724 BTC, worth about $148 million, with an average entry price of $76,397.56. He also disclosed a short position of 12,756.739 ETH, worth about $32.05 million, with an average entry price of $2,371.57.
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