$BTC Whale "Set Ten Big Goals" Issues Warning:
Will Cut Below $79K, Exit Longs Under $78K Prominent investor @jasonleo, known as "Set Ten Big Goals," has outlined his market position.
Despite challenging macroeconomic conditions, including the 30-year US yield nearing 5.7%, the 10-year yield around 5.3%, increasing rate hike expectations, and rising oil and inflation rates, $BITCOIN only experienced a 5% correction.
In previous cycles, individual negative factors have resulted in more significant drops for Bitcoin. According to his assessment, this resilience is notable.
The market appears to have accounted for all negatives, and selling pressure has diminished since reaching a low of $58,000.
The current uptrend remains stable for the moment. However, he has established a clear risk management strategy:
If Bitcoin falls below $79,000, he will begin to reduce long positions. A daily close below $78,000 will prompt him to exit all long positions and wait for the next opportunity.
While he does not expect a rapid decline to $78,000 or $74,000, he will exit if those levels are breached.
On-chain monitoring indicates that this whale recently closed over 2,700 $BTC longs with more than $5 million in profit and has alternated between short and long positions with a 66% success rate since June.
His trading actions tend to influence market liquidity. Investors must decide whether to hold above $79,000 or prepare for a potential market correction.
#bitcoin #BTC #WhaleAlert
Will Cut Below $79K, Exit Longs Under $78K Prominent investor @jasonleo, known as "Set Ten Big Goals," has outlined his market position.
Despite challenging macroeconomic conditions, including the 30-year US yield nearing 5.7%, the 10-year yield around 5.3%, increasing rate hike expectations, and rising oil and inflation rates, $BITCOIN only experienced a 5% correction.
In previous cycles, individual negative factors have resulted in more significant drops for Bitcoin. According to his assessment, this resilience is notable.
The market appears to have accounted for all negatives, and selling pressure has diminished since reaching a low of $58,000.
The current uptrend remains stable for the moment. However, he has established a clear risk management strategy:
If Bitcoin falls below $79,000, he will begin to reduce long positions. A daily close below $78,000 will prompt him to exit all long positions and wait for the next opportunity.
While he does not expect a rapid decline to $78,000 or $74,000, he will exit if those levels are breached.
On-chain monitoring indicates that this whale recently closed over 2,700 $BTC longs with more than $5 million in profit and has alternated between short and long positions with a 66% success rate since June.
His trading actions tend to influence market liquidity. Investors must decide whether to hold above $79,000 or prepare for a potential market correction.
#bitcoin #BTC #WhaleAlert