Key points:
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With short positions clearing, Bitcoin attempts to pull its narrow trading range out of the upside.
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An unknown whale entity reveals a huge long-term BTC stance and the market responds immediately.
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In May and June, this has been seen many times.
Bitcoin (BTC) took out the inquiry liquidity on June 20 because an unknown trader occupied a huge long-term BTC position.
$255 million long Bitcoin whale focus
From Cointelegraph Markets Pro and TradingView It showed BTC/USD through nearby resistance slices to $106,500, up 1.7% on the day.
This move triggered a brief liquidation – this Commentators already expect The BTC/USD range is the previous day.
Monitoring resources Small shop Showing liquidity is supplemented with higher bills of exchange.
Now, focus is on rising sustainability. As traders began to notice, an unknown entity suddenly played BTC with a position of $255 million and leverage of 20 times.
Someone just gave his all $ btc 👀
$255,000,000
20x leverage, $104K
He knows something! pic.twitter.com/bl88mh1cc0
– Trader Merlin (@MerlijnTrader) June 20, 2025
🐋Break: Whale just opened $241 million $ btc The long position is 20 times the leverage. pic.twitter.com/6wcikrqysd
– Mr. Whale (@mrwhaleleal) June 20, 2025
Although their motivations are still unknown, similar whale trading has greatly affected the market trajectory in recent weeks.
Especially a trader, James Wynn of super liquidity, Headline News There are leverage positions several times, many of which are Closed due to huge losses.
BTC price seeks final range breakthrough
Meanwhile, resting from a narrow current trading range is a missing component so that traders decide to increase or decrease exposure.
Related: Bitcoin price highest indicator, with a 10-year record of “neutral” of $112k
Popular Daan Crypto Trades in part X Posts one day.
“There is nowhere to trade at the moment, but I’m going to look for scans with high or low range and monitor the reactions from then on. The higher time range $100k $100k & $110k is still the key to June.”
Trader Cryptony Reiterate It takes $104,500 to retain weekly distances to secure short-term bull cases.
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.
