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.
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.
Robert Kiyosaki, author of Rich Dad Poor Dad, revealed on July 1 that he purchased another Bitcoin, reaffirming his long-term bullish stance—even if it comes with personal risk.
Bitcoin is poised for its strongest dollar rally in history during the second half of 2025, according to Standard Chartered’s latest market outlook.
Arizona Governor Katie Hobbs has officially vetoed House Bill 2324, a legislative proposal that aimed to create a state-managed reserve fund for holding seized cryptocurrency assets.
Public corporations have dramatically increased their Bitcoin (BTC) holdings in 2025, acquiring more than double the amount bought by exchange-traded funds (ETFs) during the first half of the year.