Interesting — and slightly unusual — on-chain activity just surfaced. A major player with approximately $22M in realized profit has opened a $66.16M
$BTC position using 3x leverage.
That’s not a small bet.
Such positioning can signal confidence that bears won’t get the crash they’re hoping for — at least not immediately. Large leveraged longs at this scale often act as a psychological and liquidity anchor in the short term.
But here’s the key question
Is this genuine conviction… or a calculated liquidity trap?
Whale positioning doesn’t guarantee direction — it shifts probabilities and forces the market to react. Liquidation clusters on both sides now matter even more.
Watch funding, open interest, and reaction at key levels.
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