INSUBCONTINENT EXCLUSIVE:
Key takeaways: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) 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
The trader then opened a 511.5 BTC position on the decentralized exchange Hyperliquid, using full cross-margin leverage
Source: HypurrScan.ioWith an entry price of $106,538 and a liquidation level of $88,141, the trader is currently sitting on over $11,000 in
paper profit, a modest but strategic gain amid increasing market momentum.Some traders believe the whale behind wallet 0x1f25 may be James
Wynn, a high?profile Hyperliquid trader who recently suffered massive liquidations
A week later, on June 4, he took an additional $25?million hit when 240?BTC in another leveraged position were liquidated.Despite these
setbacks, Wynn has quickly opened fresh mega?bets and maintains a pattern of entering new high?leverage trades, matching the aggressive
monitored US-China trade talks unfolding in London
Negotiations began on June 9 afternoon with signs of a diplomatic thaw: The US is reportedly willing to relax tech export restrictions in
Talks may continue into Tuesday if needed, according to officials close to the matter
Like Bitcoin, US equities have responded positively to the news, indicating an overall positive sentiment among risk traders.BTC/USD vs
Source: TradingViewOn June 6, strategists at JPMorgan and Citigroup raised their year-end targets for the S&P 500, pointing to easing
US-China trade tensions and stronger-than-expected economic data
as well, with the digital asset market adding more than $190 billion in value since the revised forecasts.Bitcoin eyes new record high in
1-2 weeksBitcoin may retest its record high of around $110,000 and may even cross above it in the coming 1-2 weeks, according to analyst Ted
XAU/USD, SPX, and BTC/USD price trend comparison
his $10 million margin.This article does not contain investment advice or recommendations
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
