Key Points:
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A newly created whale wallet opens on Bitcoin for $54.5 million in 20 times the length of $106,538.
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Bitcoin is close to $108,000 as U.S.-China trade negotiations and call equity forecasts boost market sentiment.
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Analysts expect BTC to break its all-time high in 1-2 weeks, reflecting the recent breakthroughs in gold and S&P 500.
Bitcoin (BTC) hit $108,000 on June 9, just like the newly funded crypto wallet, which is one of the boldest leverage deals of the year: $54.5 million long position with 20x leverage on BTC.
Whale has sat on $11,000 for paper profit
The wallet, identified as “0x1f25”, was created earlier today and quickly funded USDC Stablecoin for $10 million.
The trader then used the full cross-bumper to open a 511.5 BTC position on the dispersed exchange superliquid.
The trader has an entry price of $106,538 and a liquidation level of $88,141, and currently, paper profits exceed $11,000, which is a moderate but strategic gain.
Some traders believe that the whale behind the wallet “0x1f25” may be James Wynn, a high-profile hyperliquid trader who has suffered a massive liquidation recently.
Wynn Losed the initial $99.3 million When BTC fell below $105,000 on May 30, two long positions of 949 BTC were eliminated. A week later, on June 4, he An additional $25 million was spent Hit when 240 BTC is liquidated in another leverage position.
Despite these setbacks, Wynn quickly opened up fresh big rebounds and maintained a pattern of entering a new high-leverage trading, matching the aggressive style behind Wallet 0x1f25.
US-China trade negotiations enhance Bitcoin’s upward prospects
BTC has driven more than $108,000 as traders monitor London’s U.S.-China trade negotiations.
Negotiations began on the afternoon of June 9 with signs of diplomatic meltdown: the United States is It is said that Willing to relax technology export restrictions in exchange for more opportunities to obtain Chinese rare earth materials.
Talks could continue until Tuesday if needed, according to officials close to the matter. Like Bitcoin, U.S. stocks responded positively to the news, demonstrating overall positive sentiment among risk traders.
On June 6, JPMorgan Chase and Citigroup strategists grow up Their year-end targets for the S&P 500 index pointed to U.S.-China trade tensions and stronger than expected economic data.
Goldman Sachs’ David Kostin said the market began to reflect a “optimistic growth prospect” that also seemed to have caused cryptocurrencies, with the digital asset market increasing its value by more than $190 billion since the revised forecast.
Bitcoin eyes record high in 1-2 weeks
Analysts say Ted Pillow.
Pillows to set the current settings of Bitcoin with Recent gold moves S&P 500, both break through similar resistance levels.
His chart shows all three assets facing level barriers – the previous highest level of price – and now Bitcoin looks ready to follow the same breakthrough pattern.
Related: Bitcoin price to see “short-term correction” before $140K: Analysts
Some analysts see Bitcoin price exceeds $150,000 By the end of the year, the move could boost the whale’s profit to 225% (or $22.5 million), which put his $10 million margin.
This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.
