ChainCatcher message: the “giant whale” has been continuously updating its trading trail and reflections for this round on the X platform tonight. It said that at the 72,500 level, it had considered pulling the long position back in. It placed limit orders at 70,500–71,500, but they did not get filled. “I wanted to re-open the long position that I’d previously closed. At that time, I had placed longs in advance at 70,500–71,500, and also placed a short position around 76,000. My expectation was: if the price first retraced to 70,500–71,500, then I would reconnect the long position; if it didn’t retrace and instead quickly surged to around 76,000, then I would do a round of buying after an upswing for a pullback. In the end, the lower long orders didn’t get filled. After the short at 76,000 was filled, the price kept rallying all the way to above 79,000.”

So looking back, the real mistake in this part wasn’t in the medium- and long-term direction—it was underestimating the strength of this round of rally; you were too quick to bet on a pullback.

Although the most recent short trade was a loss, that whale still said, “At the moment, it is still roughly around a profit of 70 million.”