Trader Cuts Massive Portion of Long BTC Position Amid Volatility

Jason60704294, a crypto trader, has made significant changes to their Bitcoin position. They cut 2260 BTC from a long position of 3528.152 BTC at $63,967.54, reducing the value of the position from approximately $225 million to $79.42 million.

This move comes after more than $4 million in unrealized gains nearly disappeared, and it's worth noting that the trader has a constructive Bitcoin price prediction for the medium term.

The $58,000 zone is identified as a potential stage bottom by Jason60704294, who cautions against high-leverage copy trading. The current price of BTC is at $64,040.83, sitting above the lower Bollinger Band support and below the EMA50.