Key points:
In a dance of digits, Bitcoin pirouettes, yearning to escape its tight trading confines as shorts meet their watery grave.
Behold! An enigmatic whale emerges, flaunting a colossal leveraged long BTC position, sending ripples through the market.
Such dramatic performances have graced the stage of May and June, leaving spectators gasping.
On this fateful day, June 20, Bitcoin (BTC) devoured ask liquidity as a mysterious trader unveiled a gargantuan leveraged long BTC position.
With a flourish, data from CryptoMoon Markets Pro and TradingView revealed BTC/USD slicing through resistance like a hot knife through butter, reaching $106,500, a delightful 1.7% increase on the day.
This audacious move triggered a cascade of short liquidations — a spectacle that had been anticipated by the wise sages of the trading realm.
CoinGlass, the oracle of liquidity, showed a replenishment of funds higher up the exchange order books, as if the market were a well-fed beast.
Now, the spotlight shines on the sustainability of this upward surge. Traders, with bated breath, noted the sudden emergence of an unknown entity going long on BTC with a staggering $255 million position and 20X leverage.
SOMEONE JUST WENT ALL-IN ON $BTC 👀
$255,000,000 LONG
20x leverage at $104K
HE KNOWS SOMETHING!
— Merlijn The Trader (@MerlijnTrader) June 20, 2025
🐋 BREAKING: A Whale has just opened $241 million $BTC long position with 20x leverage.
— Mr. WHALE (@MrWhaleREAL) June 20, 2025
While the motives of this whale remain shrouded in mystery, similar trades have significantly influenced the market’s trajectory in recent weeks, like a maestro conducting a symphony of chaos.
One trader, Hyperliquid’s James Wynn, has made headlines with his large leveraged positions, many of which ended in a dramatic loss — a true tragedy of the trading stage.
BTC price seeks definitive range breakout
A break from the narrow trading range is the missing ingredient for traders to decide whether to add or reduce their exposure, like a chef waiting for the perfect moment to season their dish.
“There are a lot of positions that have been built up on both sides in this range and it’s clear where the liquidity lies,” mused popular trader Daan Crypto Trades in an X post.
“Currently in no place to take a trade on this but I will be looking out for a range high or low sweep and monitor the reaction from that point. Higher timeframe $100K & $110K remain key for June.”
Fellow trader Crypto Tony echoed the sentiment that $104,500 needed to hold into the weekly close to secure the short-term bull case, as if the market were a delicate house of cards.
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2025-06-20 12:50