Vida: $20M A-Share Push, Trims One-Third BTC

Vida, founder of Fangchengshi, told his Telegram group he executed $2.75 million in A-share buys last night and intends to deploy up to $20 million overall. Positions include 5 million RMB in 中际旭创 at 560, plus $1 million each in CQQQ at 37.72 and TCEHY at 49.05. He expects the ChiNext index to mirror the sharp Korean equity rebound seen from late July into mid-August and views current levels as a bottoming zone.

Vida simultaneously cut one-third of his Bitcoin exposure. He had accumulated $3 million spot at an average of roughly $59,000 in early February and now anticipates repurchasing the trimmed portion between $45,000 and $55,000 over the next one to three years.

Bitcoin trades at $78497.94 on the 4-hour chart inside a bearish structure defined by the EMA50 at $79236.61 and EMA200 at $81138.7. The MACD registers a bullish golden cross at -406.31 while RSI sits neutral at 50.0. Price is pressing the upper Bollinger Band at $78564.19 with lower support at $76944.82. With price testing upper Bollinger resistance while the longer-term EMAs cap upside, a healthy retracement toward the 50-EMA support zone appears probable before any sustained continuation.