"Crypto whale makes a bold bet on Bitcoin! $130 million long position with 40x leverage sparks market debate"

A cryptocurrency whale has made a significant bet in the Bitcoin market, establishing a long position valued at $136.91 million using 40x leverage, attracting widespread attention in the crypto community. This position involves a total of 1,420 BTC, with an entry price of $96,629 and a liquidation price of $87,638. As of now, this position has not realized a loss, standing at only $244,800.

This high-risk trade indicates that the investor is confident about a short-term rise in Bitcoin. Analysts believe that this transaction reflects a strong expectation of future liquidity growth, with financing costs reaching as high as $26,000.

Bitcoin is approaching the $100,000 mark, and this move has also sparked discussions about its long-term potential. Some analysts predict that Bitcoin's price could break the $120,000 barrier, leading to a new wave of market gains.