A whale trader known as “先定 10 个大目标” said the trader’s previously opened 4x leveraged Bitcoin long has been closed after hitting its invalidation range and triggering a stop-loss, according to ChainCatcher. The address had entered the position at about $64,940 and was holding 2,933.635 BTC. The position was valued at roughly $447 million, backed by around $47.48 million in margin. Despite the exit, the trader said the medium- to long-term view on Bitcoin remains bullish. The trader described the area around $60,000 as an important support zone and said that if market structure does not change materially, Bitcoin still has a relatively high probability of challenging $100,000 before March next year.
Whale trader “先定 10 个大目标” said a previously opened 4x leveraged Bitcoin long has been closed after the trade entered its invalidation range and hit a stop-loss, according to ChainCatcher.
The address had entered the position at about $64,940 and was holding 2,933.635 BTC. The total position was worth about $447 million, with margin of roughly $47.48 million.
The trader also said the medium- to long-term outlook for Bitcoin remains positive, describing the area around $60,000 as a key support zone. If market structure does not change in a meaningful way, the trader said, Bitcoin still has a relatively high chance of challenging $100,000 before March next year.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
