The world’s biggest $BTC “whale” did something that’s described in textbooks as “stupid”:

He sold 62250, bought back 6948 now—he’s back to 80318, buying 4603 more, spending 29% more, and he’s even left with 2345 fewer coins

If this were retail traders, they’d have been roasted into a sieve long ago. But I’m standing on the buyer’s side now, and here are three reasons

① The overall ledger isn’t broken. Current position: 845050 coins; average cost: 75412; current price: 78400; unrealized profit: 2.5 billion. He isn’t “getting out of trouble”—he’s adding to the position

② Leverage is zeroed out. Net leverage: 0.0%. He has 6.71 billion in cash on the books. This time, it’s entirely funded by selling stock—no debt borrowed at all. In summer, everyone bet he’d be crushed by debt; he fixes the watch first, then pulls the trigger

③ He holds 4% of the available supply. Out of 21 million coins, he holds about 840,000. Once the big buyer finishes loading the chamber, who will take it in September?

My plan:

- Entry: buy in batches near 78800

- Stop-loss: if the daily chart closes below 72000, exit everything

- Target: first look at 88000

- Invalidation: Strategy stops buying, or starts selling coins to repay debt—this logic becomes void immediately


I bet that 80000 isn’t the top

But if BTC goes back to 70000, the line above is just nonsense. So the stop-loss is real

#MichaelSaylor暗示增持BTC #比特币8月上涨23%跑赢黄金股市 #比特币守稳78000美元上方