Whale "First Set Ten Big Goals": It Will Become Increasingly Harder to See Bitcoin Below $60,000 in the Future

Odaily reported that the whale "First Set Ten Big Goals" posted on platform X, stating that after closing their short positions, they quickly re-established long positions because their medium-to-long-term outlook has not changed. They believe that the key demarcation zone of the previous bull market was around $60,000, and the current mainstream Bitcoin mining cost is roughly concentrated in the $50,000 to $60,000 range. Last month, Bitcoin briefly dipped to $58,000 before quickly recovering, validating the support level in this area. They believe that in the absence of systemic risks or major fundamental changes, the risk-reward ratio of continuing to short at the current level is not favorable. After Bitcoin completes its consolidation and handover in the $58,000 to $63,000 range, followed by a pullback and a firm recovery to around $66,000, the market has already established conditions for further upward movement. It is possible that a high-volume bullish candle could push Bitcoin beyond $72,000.

They also stated that the current valuation of U.S. stocks, especially AI-related sectors, is relatively high overall, and volatility may increase in the future. Additionally, the correlation between Bitcoin and U.S. stocks has significantly declined compared to previous cycles. With continuous institutional capital inflows and the strengthening of Bitcoin's asset attributes, Bitcoin is gradually developing its own independent market trend.

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