$107 million: BTC long positions reduced and taken profit; a cost line is set for the remaining positions to break even and cut losses

Deep Tide TechFlow message: On July 20, according to monitoring by Hyperinsight, the largest long holder who previously held a BTC long position worth $107 million has started trimming to take profit, and has placed a break-even stop-loss order on the remaining position close to its entry cost.

Within the past 1 hour, it cumulatively sold 903.4 BTC via 10 limit sell orders, for proceeds of about $58.42M, with an average execution price of about $64,666.1. It recorded profit of $554.4k; because there were a few small adds during the period, the net reduction was 668.2 BTC.

As of the time of publication, the whale still holds 994.2 BTC in long positions, with a position value of about $554.4k. Its average entry price is $64,052, with an unrealized profit of $510k; its liquidation price has moved down to $61,604.3.

It has set stop-loss orders for all of its remaining long positions. If BTC drops below $64,050, a break-even close will be triggered: if the price falls back to the cost, it will lock in the realized profit of $554.4k and exit; if it continues upward, it will continue to hold with gains. Overall, this setup is on the conservative side.