Vida sold about one-third of a Bitcoin portfolio after buying $3 million of spot BTC in early February at an average price of $59,000, and earlier information on the position said part of the trade was hedged around $63,000 using BTC/USD1 perpetual contracts while the remaining two-thirds stayed in spot holdings. Vida said the exited portion could be bought back over the next one to three years in the $45,000 to $55,000 range. On-chain analyst ai_9684xtpa described Vida as Equation founder, while earlier information identified Vida as Formula News founder. Vida remains constructive on Bitcoin over the long term but argued AI has overtaken the asset's narrative, making a new core narrative hard to establish over the next one to two years, and said any fresh bull market could remain vulnerable to swings tied to the AI trade, U.S. Treasuries and the dollar.