The "Set 10 Big Goals First" whale has cut its Bitcoin holdings by two-thirds at the $76,000 level to protect against extreme market conditions, according to a tweet posted after a 22-day silence. The whale plans to buy back its entire BTC position in the $76,000–$78,000 range.
The whale identified $58,000 as the cycle bottom for Bitcoin and stated that despite a black swan event pushing BTC below $78,000 this cycle, the bull market has already begun. It projected a first-stage bull market bottom at $118,000, followed by a second stage at $150,000, adding that BTC could reach $120,000 within the year.
Whale Slashes Bitcoin Position by Two-Thirds at $76K, Plans Buyback Ahead of $150K Bull Target
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
