Bitcoin whale \u0022Set 10 Big Goals\u0022 cuts BTC long by about two-thirds to roughly 1,240 BTC
AI Market Summary
A well-known derivatives whale reduced roughly two-thirds of a BTC long after Bitcoin failed to hold above 65,000, cutting exposure from ~3,500 BTC to ~1,240 BTC while keeping a 5x leveraged remainder. The disclosure signals near-term risk reduction and weaker conviction among large leveraged participants, potentially dampening bullish positioning and increasing market sensitivity to further downside volatility given the remaining leverage and distant liquidation level.
Impact level
● Medium
Affected assets
BTC/USDT-1.39%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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Huo Xing Finance reported that on Aug. 11, crypto derivatives whale \u0022Set 10 Big Goals First\u0022 (@jasonleo) said he has trimmed about two-thirds of his BTC long position held above his cost basis after Bitcoin failed to stay above $65,000. He reduced exposure from roughly 3,500 BTC to about 1,240 BTC, while keeping a remaining portion to monitor market conditions.
A screenshot he shared shows he currently holds a 5x leveraged long position of 1,241.644 BTC, with an average entry price of about $63,967.54. The position carries margin of around $15.87 million, an unrealized loss of roughly $52,000, and an estimated liquidation price near $29,267.82.
