Whale Jasonleo re-shorts BTC near $76,000, plans to exit if price surpasses $80,500

ME News reports that on August 21 (UTC+8), whale jasonleo tweeted an update on his Bitcoin short position. He stated that after closing his previous short position, he re-established shorts near $76,000, reasoning that although the current bull market has returned, it is likely to advance in a volatile, upward pattern rather than surge directly to $84,000 or $90,000. He noted that, based on macroeconomic and market structure indicators, there is currently no evidence supporting such a sharp upward move. After entering the position, the price briefly spiked to $79,500, but his intended stop-loss order failed to execute due to a system issue. He added that he has since reduced the majority of his short position—not because he has changed his outlook, but to manage risk, as further extreme rallies to $82,000 or $84,000 remain possible. He will continue monitoring the remaining position; if the daily candle closes decisively above $80,500, he will consider his analysis incorrect and close all remaining shorts, pausing trading for a period. If the price weakens again, he may consider reinstating the reduced short positions—he currently has no interest in chasing long positions at this level. He further noted that he had previously identified the $63,000 level last month as a阶段性底部 (intermediate bottom), a view he still holds. He remains fundamentally bullish on BTC over the medium to long term; this short position was taken to profit from a pullback within the broader uptrend, not as a reversal of his bullish thesis. He expects Bitcoin to reach $100,000 by March next year. (Source: Foresight News)