Key Points:
Bitcoin is looking to increase its narrow trading range as short positions are settled.
The presence of unknown whales reveals the location of the hugely leveraged long BTC as the market reacts quickly.
Such movements were seen on multiple occasions in May and June.
Bitcoin (BTC) demonstrated Ask liquidity on June 20th as unknown traders acquired a huge leveraged BTC position.
$255 million in length, Bitcoin Zilla is in the spotlight
Data from Cointelegraph Markets Pro and TradingView showed that BTC/USD reached $106,500 through nearby resistors, an increase of 1.7%.
This move caused a short liquidation – what commentators had already expected was BTC/USD in the previous day’s range.
The monitoring resource Coinglass showed higher liquidity replenishment.
Now the focus is on the sustainability of rising. As traders began to realize, the unknown entity suddenly became a long BTC with a $255 million position and 20 times the leverage.
Someone just got all in $btc
$255,000,000 length
20x leverage is $104,000
He knows something! pic.twitter.com/bl88mh1cc0
– June 20, 2025, merlijn by trader (@merlijntrader)
Breading Speed: Whale has opened a $241 million BTC long position with 20x leverage. pic.twitter.com/6wcikrqysd
– Mr. Whale (@mrwhalereal) June 20, 2025
Their motivations remained unknown, but similar whale trading has had a significant impact on the market trajectory in recent weeks.
In particular, one trader from Hyperliquid’s James Wynn made headlines in a largely leveraged position on several occasions.
BTC prices are looking for a breakout in a critical range
Meanwhile, breaks from the narrow current trading range for traders to decide to add or reduce exposure were a lacking ingredient.
Related: Bitcoin Pricetop Metric with 10-year record of $112K “Neutral”
“There are many positions built on both sides of this range, and it’s clear where the liquidity is,” popular trader Daan Crypto Trades wrote in part of an X post on the day.
“There is no place to do business with this right now, but I look for a high or low sweep in the range and monitor the response from that point in time.
fellow trader Crypto Tony has repeatedly stated that $104,500 is needed to hold it in the nearest week to secure a short-term bull incident.
This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.
