Whale trader says Bitcoin nears phase bottom as BTC long tops $5.15 million unrealized profit

Trader “先定10个大目标” later closed a 4,006.47 BTC long for a reported $6.019 million profit after exiting at $66,160.47, while saying the broader bullish trend in Bitcoin remains intact.

BTC

Summary

A whale trader known as “先定10个大目标” has closed a large Bitcoin long position for a reported $6.019 million profit, adding a realized gain to earlier reports of multimillion-dollar unrealized profits on bullish BTC bets. Odaily, citing on-chain analyst Ai Yi, said the closed position involved 4,006.47 BTC, with an entry price of $64,614.7 and an exit price of $66,160.47. The trader later said on X that the bullish trend remained unchanged and that they would rest for two days after taking profit. Earlier reports said the trader viewed Bitcoin as nearing a phase bottom and had kept all four positions since June 25 on the long side. A smaller July 18 long of 69.4 BTC was described as medium- to long-term, while prior coverage from PANews, also citing Ai Yi, estimated a separate 4x leveraged BTC long at about 2,358.05 BTC with an average entry of $63,827.06 and unrealized profit that rose from $4.541 million to about $5.15 million as Bitcoin moved above $66,000. BlockBeats separately reported the trader said a current campaign built with 300 BTC is targeting $300 million and has already realized $60 million in profit, after an earlier 150 BTC campaign that once reached $120 million in realized profit before ending near breakeven after a wrong call during a drop from $120,000. The trader has also remained bearish on U.S. AI and tech stocks.

Terms & Concepts
  • 4x leveraged long: A bullish position using four-times borrowed exposure, which magnifies gains and losses.
  • unrealized profit: Paper gain on an open trade that can still change until the position is closed.
  • phase bottom: A market level viewed as a likely low point within a broader price cycle.