Investor Bets $198M on Bitcoin Price Surge
Key Takeaways
- A major Bitcoin investor (“whale”) has opened a long position valued at 198 million USD.
- Bitcoin is currently in a historically significant support zone that has previously triggered price increases.
- The market is showing bullish signals, but negative sentiment and short positions are slowing price gains.
- Liquidity flows and indicators such as the Money Flow Index suggest a possible continuation of the upward trend.
Major Investor Bets on Rising Bitcoin Price
A so-called whale recently opened a long position in Bitcoin (BTC) worth 198.11 million USD. Long positions are bets on rising prices. This move could signal an upcoming price rally. The entry was made at a technically important support level—one that has previously served as the starting point for strong upward movements.
Historical Support Zone in Focus
Bitcoin is currently in a support zone that has led to significant price gains on four previous occasions. If BTC can once again hold this level, a further increase may follow. Analysts see a potential price target of up to 150,000 USD if bullish momentum continues.
Market Data Supports Bullish Scenario
The whale’s position has already generated an unrealized profit of around 5.99 million USD. The funding fee—a charge paid by long traders to maintain their positions—is at 142,110 USD. A positive funding rate of 0.0098% indicates that more traders are betting on rising prices, supporting the continuation of the trend.
Liquidity and Trading Volume in Focus
The Accumulation/Distribution indicator shows that Bitcoin is being steadily accumulated. This means traders are buying and holding BTC. The accumulated amount currently stands at approximately 4 million USD. The Money Flow Index (MFI) is at 59.26—a value that indicates positive market sentiment. Despite a slight drop in liquidity, buying interest remains strong.
Short Traders Under Pressure
In the past 24 hours, short positions worth 56.41 million USD have been liquidated. In comparison, only 13.25 million USD in long positions were closed. This shows that many traders bet against the market and are now realizing losses. This development increases the likelihood of a continued price rise.
Our Assessment
Current market conditions suggest a potential rally in Bitcoin. The entry of a major investor, technical support, and positive market indicators point toward rising prices. However, caution is still warranted: negative sentiment and resistance from short traders could slow the upward trend. Investors should closely monitor indicators and market movements.
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Sources
- TradingView
- Coinglass
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | $93,739.00 |
| 24h % | 1.42 % |
| 7d % | 10.87 % |
| 30d % | 6.62 % |
| 60d % | -2.16 % |
| 1y % | 46.74 % |
| Market Cap | $1,861,523,611,840.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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