PANews, October 31: After 22 days, the whale known as "Set 10 Big Goals" has posted again, stating that he reduced two-thirds of his position at $76,000 to guard against extreme scenarios, and plans to repurchase all his BTC positions between $76,000 and $78,000. The whale stated that $58,000 is the bottom of this BTC cycle; although the price briefly fell below $78,000 due to a black swan event, the bull market has already begun. The first-phase bottom of this bull cycle is $118,000, and the second phase is $150,000. He believes BTC will reach $120,000 before the end of this year.
Whale sells two-thirds of Bitcoin at $76,000, plans to rebuy between $76,000 and $78,000
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Summary
Whale activity shows that a major Bitcoin holder, 'First Set 10 Big Goals,' has sold two-thirds of its holdings at $76,000 to manage risk. The whale plans to repurchase between $76,000 and $78,000, citing a favorable risk-to-reward ratio. It views $58,000 as the cycle’s low point and forecasts Bitcoin reaching $120,000 by year-end.
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