Why did the price of Bitcoin rise?

On June 20, 2025, an unknown large investor (whale) opened a leveraged buy position worth $255 million (LBank Labs), pushing the price to break the $106,000 level. This led to the liquidation of short sell positions worth $197 million in the past 24 hours, a similar pattern to what happened on June 9, creating upward momentum due to forced buying.

70284338050