A Bitcoin whale has cut its holdings by two-thirds near $76,000 to reduce exposure to extreme market conditions, according to an update posted after 22 days of silence. The trader plans to repurchase its entire BTC position between $76,000 and $78,000, identifies $58,000 as Bitcoin's cycle bottom and says the bull market has begun despite a black swan event pushing BTC below $78,000 this cycle. It projects a first-stage bull-market bottom at $118,000, a second stage at $150,000 and a possible Bitcoin price of $120,000 within the year.