Anonymous whale opens $425M bet on Bitcoin

A mystery whale has deployed nearly $30 million over three days to build a massive leveraged Bitcoin ( BTC ) position, according to data from Lookonchain . The trader, identified by wallet address “0x1f25…”, created a new wallet and initially deposited 10M USDC to Hyperliquid, opening a 20x leveraged long position on Bitcoin. They then added another 2.35M USDC yesterday, followed by another 10M USDC today. At press time, the position stood at 3,877 BTC ($424.7M) with an entry price of $108,622 and a liquidation price of $103,100. The trader is currently showing unrealized gains of $3.59M. “0x1f25…” wallet. Source: Hypurrscan.io Bitcoin bulls target $150,000 after breaking key resistance The whale’s aggressive positioning comes as Bitcoin surged past the $110,000 mark, with analysts suggesting the next potential target could be $150,000 if technical indicators continue to align. Prominent crypto analyst TradingShot observed that Bitcoin’s current rally has invalidated several short-term bearish patterns and broken through a critical resistance zone. The analyst noted that Bitcoin recently rebounded at the lower high trendline of a three-year ascending channel, with this price structure appearing thrice in Bitcoin’s ongoing ‘channel up’ formation. Each instance triggered at least a 101% gain. From the April 7 bottom, a 101% rally would put Bitcoin at the $150,000 mark, a clean technical target supported by historical precedent, strong channel support, and renewed breakout momentum . Analyst Michaël van de Poppe predicted that the current phase is likely a short consolidation period before increased upward momentum. Van de Poppe suggests the ideal buying range sits around $107,000 to $108,000 as BTC prepares for what could be another historic run. If Bitcoin’s relative strength index ( RSI ) retests 75 by the end of the month, analyst PlanB suggests the June closing price for BTC would be around $130,000. Meanwhile, investment firm Bernstein maintains a $200,000 price target, calling it a “high-conviction but conservative” forecast. Institutional demand remains strong, with Strategy (formerly MicroStrategy) (NASDAQ: MSTR ) buying over 1000 BTC this week, worth approximately $110.2 million in total. Spot Bitcoin ETFs now manage over $120 billion in assets, highlighting BTC’s transition into a mainstream asset class. Bitcoin price analysis At the time of publication, Bitcoin was trading at $109,505, up 0.32% daily and over 3.53% weekly, approaching the key $110,000 resistance level. Bitcoin 7-day price chart. Source: Finbold .com A sustained break and hold above $110,000 could pave the way toward $115,000, potentially setting up a new all-time high. Disclaimer : The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. Featured image via Shutterstock The post Anonymous whale opens $425M bet on Bitcoin appeared first on Finbold .

Source: Finbold