93,028,399,261,255 million dollars in long put options put Bitcoin in the spotlight. Data from Cointelegraph Markets Pro and TradingView showed that the BTC/USD pair surpassed the nearby resistance to reach $106,500, with a 1.7% increase on the day.

The movement triggered short liquidations, something that commentators were already expecting.

The monitoring resource CoinGlass showed that liquidity was replenishing in the order books of the exchanges.

BTC liquidation heat map (screenshot). Source: CoinGlass. Now, the focus is on the sustainability of the rise. As traders started to notice, an unknown entity had suddenly gone long on BTC with a position of $255 million and 20x leverage. SOMEONE JUST BET IT ALL ON BTC 👀 $255,000,000 LONG. 20x leverage at $104,000. HE KNOWS SOMETHING!