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Crypto King

06/13 12:23

Kit invests $30 million in Bitcoin – is the price

Kit invests $30 million in Bitcoin – is the price going up?


A mysterious crypto whale has amassed a huge leveraged position in Bitcoin, spreading nearly $30 million across several transactions in just three days.

Data from Lookonchain shows that the investor began by transferring $10 million in USDC to the Hyperliquid platform, where he opened a 20x long position. Additional deposits followed, bringing the total collateral amount to over $22 million.

This aggressive bet now gives the trader exposure to almost 3,900 BTC – worth about $425 million – with an average entry price of close to $108,600. The position is liquidated at $103,100, and the unrealized profit is now over $3.5 million.

The move comes amid renewed bullish sentiment for Bitcoin, which recently topped $110,000. Analysts are speculating that the next surge could take the price to $150,000. TradingShot pointed out that BTC has broken out of a bearish configuration and is repeating historical patterns that have previously led to triple-digit gains.

Michael van de Pope sees the current $107,000-$108,000 area as a strong buying opportunity before another rally. Meanwhile, PlanB predicts that BTC could close June near $130,000 if momentum holds, and Bernstein continues to predict a long-term rally to $200,000.

Institutional demand is fueling the rally. Strategy (formerly MicroStrategy) added 1,000 BTC this week, and Bitcoin ETFs now hold over $120 billion in assets, underscoring its growing status as a major financial instrument.Bitcoin-whales-3-768x402.jpeg

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