The anonymous wallet opened the bet on Binance Futures, sparking a short squeeze and reviving bullish sentiment.
Is this the Most Daring Bitcoin Move of the Year?
A newly funded wallet, '0x1f25,' made one of 2025’s boldest moves—taking a 511.5 BTC position on Hyperliquid using $10M USDC margin and 20x leverage at $106,538 entry, risking liquidation at $88,141.
Based on this investment of $54.5 million with 20 times leverage, the whale made a very risky bet by borrowing money to make a much bigger Bitcoin trade than they actually had.
This bold move has thrusted Bitcoin upwards, with the apex cryptocurrency being a stone’s throw away from the psychological price of $110,000.
At the time of this writing, Bitcoin was hovering around the $109,238 level, representing a 3.3% increase in the past week, according to CoinGecko data.
This Bitcoin rally aligns with optimism over US-China trade talks in London, which could ease tech export curbs and boost access to rare earth minerals. Risk assets, including US stocks, surged in response, lifting BTC higher.
Bitcoin’s Demand in the U.S. Skyrockets
Bitcoin demand in the US is surging, with Coinbase Premium hitting a 4-month high — a clear sign that investor sentiment is turning bullish and the market is heating up.
Coinbase Premium is a metric that compares the price of Bitcoin on Coinbase to the price of Bitcoin on other global exchanges, such as Binance.
Therefore, a high Coinbase Premium indicates strong buying interest from US-based investors since they’re willing to pay a bit more than the global average to get Bitcoin.
What does this mean? Well, US-based investors are increasingly eager to buy Bitcoin, evidenced by them paying higher prices on Coinbase than on other exchanges.
This shift in sentiment points to rising enthusiasm and suggests the market could be preparing for a stronger move upward.
Meanwhile, a supply shock looms since Bitcoin on crypto exchanges recently hit a 7-year low, which is bullish because of dwindling selling pressure.
Bitcoin’s Battle: Will ATH Resistance Become the Next Bullish Launchpad or a Stubborn Barrier?"
Having set a new all-time high of $111,814 last month on May 22, Bitcoin stands just shy of this level at $109,238.
Whether it can flip $112K into support depends on its ability to hold $106K–107K on pullbacks, combined with a dovish U.S. macro backdrop.
Should these align, Bitcoin may not only breach $112K again but sustain higher levels—potentially eyeing the $120K zone next.
But failure to secure these key levels risks reversing into a broader correction, with $100K or deeper revisits becoming likely.
Technical structure, on‑chain strength, and institutional interest all favor bulls, but macro economics and pattern risks caution against assuming victory.
The $103–112 K range is critical because if Bitcoin holds and flips, it opens the door to new highs.
Conclusion
At $109,238, Bitcoin seems to be in a consolidation phase, often called the "calm before the storm" needed to elevate it past the $112,000 zone.
This might be the reason why the anyonymous whale made a 20x leverage bet, expecting the leading cryptocurrency to make a new ATH soon.
As investor sentiment skyrockets led by those on American soil, time will tell how BTC plays out in the short term as fingers remain crossed on whether a breach past $112K is in the offing.
