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Woofun AI reports that contract whale 'First Set 10 Big Goals' established a 4x leveraged long position on Bitcoin. On-chain analyst Ai Auntie estimates the entry price at $63,827.06. The position comprises 2,358.05 BTC, valued at approximately $150 million. With Bitcoin surpassing $66,000, unrealized gains have expanded to $5.15 million.
The trader stated that recent activity focuses exclusively on longs, citing a low risk-reward ratio for shorts near a phase-wise bottom. They anticipate a new upward trend and plan to hold positions medium-to-long term while adjusting for market conditions.
Additionally, they predict a significant pullback in U.S. AI-related tech stocks within six months.