A newly created whale wallet opened a $54.5M 20x long position on Bitcoin at $106,538.

Bitcoin nears $108,000 as US-China trade talks and bullish equity forecasts lift market sentiment.

Analysts expect BTC to break its all-time high within one to two weeks, mirroring recent breakouts in gold and the S&P 500.

Bitcoin BTC $109,281 reached $108,000 on June 9, just as a newly funded crypto wallet executed one of the boldest leveraged trades of the year: a $54.5 million long position on BTC with 20x leverage.

Whale already sitting on an $11,000 paper profit.
The wallet, identified as “0x1f25,” was created earlier today and promptly funded with $10 million in USDC stablecoin.

The trader then opened a 511.5 BTC position on the decentralized exchange Hyperliquid, using full cross-margin leverage.