🟢 Whales travel 40 times longer $BTC Fight for $105,000

$BTCVolatility is key. Cointelegraph reports that large holders are distributing their assets as ETF inflows decrease, leaving $105,000 as the last significant support. A wave of selling driven by whales has already raised the price of BTC from $117,000 to nearly $111,000, causing heavy liquidations.

But here’s the catch: Arkham Intelligence shows that a whale on Hyperliquid just opened a long position of $8.39 million in BTC with 40x leverage. It’s a high-risk bet on a rebound.

The market is now at a crossroads:

Selling pressure and weak inflows could overwhelm $105,000.

Aggressive leveraged long positions could trigger a strong short position squeeze if support holds.

This week is crucial. A bounce from $105,000 could drive bullish momentum, but a drop could trigger cascading liquidations, including that $8 million whale position.