A crypto whale has opened a $183 million Bitcoin long position with a floating profit of $1.113 million, citing a strategy of setting “10 major targets” before entry.
A crypto whale has opened a $183 million Bitcoin long position with a floating profit of $1.113 million, citing a strategy of setting “10 major targets” before entry.
A crypto whale has opened a Bitcoin long position worth $183 million, reportedly generating a floating profit of approximately $1.113 million while following a disciplined strategy of pre-setting “10 major targets” before entering the trade.
The position, which has drawn attention across crypto analytics platforms, stands out not just for its size but for the trader’s stated methodology. Rather than entering on impulse, the whale reportedly outlined 10 specific price targets before committing capital, a framework that suggests a laddered take-profit approach to managing the massive leveraged bet.
The whale’s position, first reported by PANews, involves a leveraged long on BTC valued at $183 million. At the time the trade gained attention, it carried a floating profit of $1.113 million, representing a gain of roughly 0.6% on the total position size.
The “set 10 major targets first” framing distinguishes this trade from typical whale activity. The phrase suggests the trader mapped out a series of price milestones, likely corresponding to partial take-profit levels, before committing to the position. This type of pre-planned exit strategy is common among institutional and high-conviction traders who manage large leveraged positions across multiple price zones.
According to reporting from Gate.com, the whale’s activity was tracked through on-chain and exchange-level data. The position appears to be a derivatives long, consistent with perpetual futures contracts on major exchanges, rather than a spot accumulation play. The use of leverage amplifies both the potential upside across those 10 targets and the liquidation risk if BTC moves against the position.
This kind of large-scale leveraged positioning comes at a time when U.S. crypto ETFs have experienced notable outflows, with $219 million leaving in a single day. The divergence between institutional ETF flows and individual whale conviction trades highlights the mixed sentiment currently running through Bitcoin markets.
The ratio between the position size and the floating profit tells its own story. A $1.113 million gain on a $183 million position implies the entry price was only marginally below the market price at the time of reporting, roughly a 0.6% move. That narrow margin suggests the whale entered near prevailing market levels rather than accumulating at a significant discount.
For context, a position of this magnitude represents a meaningful share of open interest on most derivatives platforms. Large leveraged longs of this scale can influence funding rates and signal directional conviction to other market participants who monitor large order book activity on CoinGlass and similar analytics tools.
The timing also matters. Bitcoin has been navigating a period of macroeconomic uncertainty, with fears around global trade policy and risk-asset rotation weighing on crypto sentiment. The surge in stablecoin supply on networks like Solana reflects a market where capital is being parked defensively even as select whales take aggressive directional bets.
Whether other large players are similarly positioned remains difficult to confirm without broader on-chain aggregation. However, Phemex reported that this particular whale has been active across multiple assets, including ETH and BNB, suggesting a broader bullish thesis rather than a BTC-only conviction trade.
The “10 major targets” strategy implies a structured, laddered approach to profit-taking. While the specific price levels have not been publicly disclosed, a 10-target framework on a leveraged long typically spaces exits across key resistance zones, allowing the trader to lock in gains incrementally rather than betting on a single exit point.
For a $183 million leveraged position, the liquidation price becomes a critical variable. Without confirmed details on the exact leverage ratio, precise liquidation levels cannot be calculated. However, some reports have cited 5x leverage, which, if accurate, would place the liquidation threshold roughly 18-20% below the entry price, depending on the platform’s margin requirements.
At 5x leverage, a position of this size would require approximately $36.6 million in collateral. A sustained move lower of that magnitude would force a liquidation that could itself create cascading sell pressure, a scenario that Bitcoin treasury-focused firms like Strive and CleanSpark would likely view as an accumulation opportunity.
Historical precedent offers mixed signals on positions of this scale. Large leveraged longs opened during consolidation phases have historically performed well when followed by momentum breakouts, but they carry significant blowup risk in sudden drawdowns. The whale’s pre-planned target framework suggests awareness of this asymmetry, treating the trade as a structured campaign rather than a single directional bet.
The 0.6% floating profit indicates the trade is in its early stages. If the 10-target strategy is indeed a laddered take-profit plan, the first meaningful test will come at the nearest significant resistance level above the entry price. Traders monitoring this position will be watching whether the whale begins scaling out at those levels or adds to the position on pullbacks.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
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