Bitcoin derivatives and onchain flows flashed fresh signals on December 12 as a 93 million dollar leveraged long surfaced, options open interest stayed elevated, and Binance withdrawals jumped near 91,000 dollars.
Together, the data points showed heavy positioning across futures and options while onchain metrics pointed to continued accumulation behavior as Bitcoin held near recent highs.
Large Bitcoin Long Position Appears on Derivatives Platform
A large Bitcoin long position worth about 93 million dollars appeared on a derivatives trading platform on December 12, according to data shared publicly on X by trader Vivek Sen.
Large Bitcoin Long Position Dashboard. Source: Vivek Sen via X
The position shows a 5x leveraged long on the BTC USD pair with an entry price near 91,506 dollars and a position value listed at roughly 92.5 million dollars. At the time the data was captured, the trade showed an unrealized profit of more than 1 million dollars as Bitcoin traded above 92,500 dollars.
The disclosure did not identify the owner of the position. However, the size of the trade places it among the larger single Bitcoin long positions currently visible on public dashboards that track major leveraged accounts.
Large leveraged positions often draw attention because they can reflect institutional scale strategies or high conviction directional bets. At the same time, such trades carry higher liquidation risk if price moves sharply against the position.
Bitcoin Options Open Interest Stays Elevated as Market Activity Builds
Meanwhile, Bitcoin options open interest remained near record levels this week, according to market data highlighted by crypto analyst Mister Crypto on X, pointing to continued buildup in derivatives positioning.
Bitcoin Options Open Interest Chart. Source: CoinGlass via Mister Crypto on XThe chart shows total Bitcoin options open interest rising alongside price over recent months, with notional exposure staying high as BTC trades near upper ranges. Open interest measures the total value of outstanding options contracts and often reflects how much leverage and risk traders hold across the market.
Data from CoinGlass indicates that options exposure expanded sharply during the latest price advance and has not meaningfully declined during recent consolidations. As a result, derivatives positioning remains dense compared with earlier phases of the cycle.
Elevated options open interest typically signals heightened market participation and sensitivity to price moves. As Bitcoin continues trading near recent highs, derivatives metrics suggest that positioning remains active across major options venues.
Bitcoin Withdrawals From Binance Spike as Accumulation Signals Strengthen
Bitcoin exchange withdrawal activity on Binance increased sharply near the 91,000-dollar level, according to data published by CryptoQuant and shared by Bitcoin Archive on X.
Bitcoin Exchange Withdrawing Transactions Binance. Source: CryptoQuant via Bitcoin Archive on X
The chart shows a surge in Bitcoin exchange withdrawing transactions as price hovered around recent highs. Exchange withdrawals track coins leaving trading platforms, a metric often associated with investors moving assets into self custody rather than preparing them for sale.
CryptoQuant data indicates that recent withdrawal spikes stand out compared with prior months, even as Bitcoin trades near elevated levels. The pattern suggests continued accumulation behavior rather than distribution during the current price range.
Historically, periods of strong withdrawal activity have coincided with phases where market participants reduce available exchange supply. As Bitcoin remains near 91,000 dollars, onchain data shows that accumulation pressure continues to build alongside price strength.
