Unknown trader opens $255M BTC long at $104K with 20x leverage.
BTC price jumps 1.7%, triggering short liquidations and shifting liquidity higher.
Analysts watch $104,500 support to confirm short-term bullish momentum.
Somebody has lit a fuse under Bitcoin — BTC. A mystery trader threw down a jaw-dropping $255 million long bet at $104,000—with 20x leverage. No warning. No hesitation. Just pure conviction. Markets didn’t flinch—they exploded. BTC surged past resistance like it wasn’t there, touching $106,500. That’s a 1.7% jump in a single day. Traders blinked, recalibrated, and watched as short positions got wiped out. The ripple effect? Liquidity rushed upward through the order books, like floodwaters through an open dam.
https://twitter.com/MerlijnTrader/status/1935967482222632980 Shockwaves Hit the Market
This long is like a lightning bolt—raw, unpredictable, and impossible to ignore. Platforms like CoinGlass started tracking fresh liquidity zones. Order books shifted, reacting almost instantly. While the person behind this move remains unknown, the impact couldn’t be louder. High-leverage trades like this don’t come without history. Think of James Wynn from Hyperliquid. He made similar headline-worthy bets. Some paid off, others tanked. Traders haven’t forgotten. Now, eyes are on this latest whale, wondering if fortune favors boldness—or recklessness.
Popular trader Daan Crypto Trades shared a stark reality. A battlefield had formed within a tight range. Buyers and sellers sat camped on both sides. One violent move could tip the balance. He pinpointed the $100K and $110K zones as vital landmarks for June. These areas could decide whether bulls continue marching or pause for breath. Crypto Tony, another well-followed trader, emphasized $104,500 as a line in the sand. That level needs to hold through the weekend. If it slips, the bull case weakens. Confidence could crack, and the surge might stall.
The Stakes Are Sky-High
This kind of trade speaks volumes. It tells a story of belief—maybe overconfidence—but also trading strategy. These positions aren’t random dice rolls. They're carefully timed storms. May and June saw similar plays, often shaking the market awake. Each time, volatility surged, and liquidity followed.
Traders love these moments. They live for the chaos. But this isn't a game for the faint-hearted. The risk looms large. One wrong move, and millions can evaporate. That’s the tightrope walk of leveraged trading. Rewards shine bright, but danger lurks behind every candle. Despite the excitement, caution remains king.
Nobody knows whether this bold move signals a breakout or a trap. The only certainty is that volatility will continue to dance through the charts. Traders must stay alert, informed, and prepared. As markets react and liquidity adjusts, only time will reveal the outcome. For now, the $255 million bet stands tall—daring the market to blink first.
