I just saw screenshots circulating in the group saying Target Bro was gone. Around the same time, Binance BTC/USDT perpetuals saw an abnormal spike in volume: 4,113 BTC traded in one second, and over 10,000 BTC in one minute, while the candlestick formed a long lower wick.
I was pretty worried something had really happened to Jason. Thankfully, I saw a post he made just over ten minutes ago saying he’d closed his leveraged positions to stay afloat for now. At least that means he’s managed to hold on to some of his capital.
I don’t have the BiCoin app installed, so I can’t see his live account. I can only go by a screenshot a friend forwarded from November 10: Target Bro’s assets peaked at $111 million on August 22, then had fallen to $18.9 million by the 10th.
If he kept holding his positions through the last couple of days up until just now, I’d guess he probably has less than $10 million left.
I’ve been following Target Bro’s posts for a while. His thinking wasn’t really the problem; it was the Binance hack, combined with Old Huang’s crotch incident—two black swan events that seriously affected the market’s short-term direction.
It’s easier said than done. Getting the direction wrong and stubbornly holding a losing position is truly the hardest demon for any trader to overcome. Sigh...
Still, given Target Bro’s ability—turning an $8 million entry on BiCoin’s live account into $110 million—as long as he still has his principal, he can surely make a comeback.
With the market this panicked today, I bought a bit of $BTC and added some Dual Currency Win. I’m just sitting tight and will see how things look after Christmas.
https://x.com/Jason60704294/status/2121130653735432290
I was pretty worried something had really happened to Jason. Thankfully, I saw a post he made just over ten minutes ago saying he’d closed his leveraged positions to stay afloat for now. At least that means he’s managed to hold on to some of his capital.
I don’t have the BiCoin app installed, so I can’t see his live account. I can only go by a screenshot a friend forwarded from November 10: Target Bro’s assets peaked at $111 million on August 22, then had fallen to $18.9 million by the 10th.
If he kept holding his positions through the last couple of days up until just now, I’d guess he probably has less than $10 million left.
I’ve been following Target Bro’s posts for a while. His thinking wasn’t really the problem; it was the Binance hack, combined with Old Huang’s crotch incident—two black swan events that seriously affected the market’s short-term direction.
It’s easier said than done. Getting the direction wrong and stubbornly holding a losing position is truly the hardest demon for any trader to overcome. Sigh...
Still, given Target Bro’s ability—turning an $8 million entry on BiCoin’s live account into $110 million—as long as he still has his principal, he can surely make a comeback.
With the market this panicked today, I bought a bit of $BTC and added some Dual Currency Win. I’m just sitting tight and will see how things look after Christmas.
https://x.com/Jason60704294/status/2121130653735432290
