Tina Fey Tackles the Crypto Whale’s Big Bet on Bitcoin!

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Key takeaways:

  • A whale bets $23.7 million on Bitcoin hitting $200,000 by year-end, proving that sometimes you just gotta go big or go home 🏃‍♀️💰.
  • Analysts say Bitcoin is still looking good, but $115,000 is the magic number we need to watch. It’s like the line in the sand, but with more zeros. 🏝️💰

Bitcoin (BTC) had a bit of a liquidity hiccup on Friday when an unknown trader decided to make a major bullish bet, aiming for a BTC price of $200,000 by the end of the year. Because why not? It’s not like we have anything better to do with our time. 🤷‍♀️

Whale Bets $23.7 Million on a Bitcoin Bonanza

Data from CryptoMoon Markets Pro and TradingView showed BTC/USD breaking through some nearby resistance to hit $114,960. It’s like Bitcoin is playing a game of “Hot Potato” with these price levels. 🥔🔥

As CryptoMoon reported, this move led to massive long liquidations across Bitcoin markets, totaling $130 million in the past 24 hours. That’s a lot of digital tears. 😢

Monitoring resource CoinGlass showed liquidity being replenished lower down on exchange order books. It’s like the crypto version of “The Circle,” where everyone’s trying to figure out who’s really in control. 📊👥

Despite the dip, which puts a temporary pause on Bitcoin’s rally, the bullish sentiment remains strong. Deribit analysts noted that a whale recently went long BTC with a $23.7 million position, aiming for a whopping $200,000 by the year’s end. Because why not set your sights on the moon? 🚀🌙

This was a complex trade involving a bull call spread, which limits both potential gains and losses. It’s like having a safety net while bungee jumping into the crypto abyss. 🚶‍♂️bungie

2) The Dec $140K-$200K call spread dominates, buying low Dec $140K IV, funded by higher IV $200K calls,

A zero cost Jul25 124k – Aug29 140k Call spread bets on an imminent ATH break.

But otherwise, 2-way (net selling) of 130+150k Calls, and Aug102-Sep150k Strangles pressure IV.

— Deribit Insights (@DeribitInsights) July 20, 2025

Market attention is always drawn to such positions, as similar whale trades have significantly influenced the price trajectory in recent weeks. It’s like watching a celebrity endorsement, but with more numbers and fewer red carpets. 🌟📊

Recently, a Satoshi-era whale woke up after 14 years of dormancy and moved $9.6 billion worth of Bitcoin, causing some market observers to worry about a potential correction. Because nothing says “good morning” like moving billions of dollars. ☕💼

Bitcoin “Remains Bullish” Despite the Hiccups

A break below the $115,000 range low was what traders needed to decide whether to add or reduce exposure. It’s like deciding whether to double down on a bad hand or fold and wait for a better one. 🃏🤔

“Bitcoin finally broke out of its range, but this isn’t capitulation, it’s a rotation-led correction,” said asset manager Swissblock in a Friday post on X. It’s like saying, “It’s not over until the fat lady sings, and she’s just warming up.” 🎵👩‍🎤

The Bitcoin risk index, a metric that gauges the likelihood of significant BTC price drawdowns, is currently at zero. This indicates that there is “no overheating” and the bullish structure remains intact, Swissblock added:

“The trend remains bullish. Corrections at low risk levels = opportunity, not exit.”

Popular analyst Daan Crypto Trades said that the $115,000 range low needs to hold to secure the uptrend. It’s like holding the fort against an army of bears. 🐻🛡️

“A breakdown from this range should lead to a retest of $113,500 next, which could be a decent level to look out for if that happens.”

As CryptoMoon reported, the $115,000 support level is crucial. A daily candlestick break and close below it may accelerate selling as short-term buyers rush to the exit. That could sink the pair to $110,530, where the buyers are expected to step in. It’s like a game of musical chairs, but with a lot more zeros. 🎶-chair

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2025-07-25 13:01