Giant whales are “setting ten big goals first”: In the future, it will become harder and harder to see Bitcoin priced below $60k

Odaily Planet Daily News: A whale who posted on X saying “first set ten big goals” said that after closing its short positions, it quickly re-established long positions because its long- and mid-term outlook hasn’t changed. It believes the key boundary area of the last bull market is around $60k, and the current mainstream Bitcoin mining cost is roughly concentrated in the $50k to $60k range. It said that last month, after Bitcoin dipped to $58k and was quickly pulled back, that area’s ability to absorb prices was validated. It believes that, absent systemic risk or major fundamental changes, the risk-reward ratio of continuing to chase shorts from the current level isn’t favorable. After Bitcoin completes consolidation and turnover in the $58k to $63k range, the pullback is done and it has regained stability around $66k; the market now has conditions for further upside, and it does not rule out bullish breakout candles with increased volume pushing Bitcoin above $72k.

It also said that at present, the overall valuations of US stocks—especially AI-related sectors—are relatively high, and future volatility may increase. In addition, Bitcoin’s correlation with US stocks has clearly declined compared with several previous market cycles. As institutional funds continue to flow in, and Bitcoin’s asset attributes keep strengthening, Bitcoin is gradually moving out of a separate, independent trading cycle of its own.

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