Whale Leverages $30M on Bitcoin: Is a Parabolic Move Coming?

A mysterious crypto whale has quietly amassed a huge leveraged position in Bitcoin, deploying nearly $30 million across several transactions in just three days.

On-chain data from Lookonchain shows the investor began by moving $10 million in USDC to the Hyperliquid platform, where they opened a 20x long position. Additional deposits followed, bringing the total to over $22 million in collateral.

This aggressive bet now gives the trader exposure to nearly 3,900 BTC—worth around $425 million—with an average entry near $108,600. The position’s liquidation sits at $103,100, and unrealized profits already exceed $3.5 million.

This move comes amid renewed bullish sentiment for Bitcoin, which recently broke above $110,000. Analysts suggest the next leg up could take the price toward $150,000. TradingShot pointed out that BTC has broken out of bearish setups and is repeating historical patterns that previously led to triple-digit gains.

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Michaël van de Poppe sees the current zone between $107,000 and $108,000 as a strong buying opportunity before another leg up. Meanwhile, PlanB projects BTC could close June near $130,000 if momentum holds, and Bernstein continues to forecast a long-term rise to $200,000.

Institutional demand adds fuel to the rally. Strategy (formerly MicroStrategy) added 1,000 BTC this week, and Bitcoin ETFs now hold over $120 billion in assets, highlighting its growing status as a mainstream financial instrument.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.