According to @lookonchain, a newly created wallet has executed a significant bearish trade against Bitcoin (BTC). The entity first withdrew 12 million USDC from the Bybit exchange and transferred it to the decentralized perpetuals platform Hyperliquid. Subsequently, the wallet opened a large short position on 1,021 BTC, valued at approximately $120.3 million, using 20x leverage. This substantial leveraged short indicates strong bearish conviction from the trader and could signal potential downward price pressure for Bitcoin.

According to lookonchain, a cryptocurrency whale with the address 0xa04a has established a significant 20x leveraged long position on Solana (SOL). The position involves 459,703 SOL, valued at $75.5 million, and has already accumulated an unrealized profit exceeding $6 million, as verified on-chain. This large, leveraged bet indicates strong bullish conviction from a major market participant, potentially influencing trader sentiment and suggesting an expectation of a continued upward price movement for SOL.

According to @ai_9684xtpa, a prominent trader known for significant gains was liquidated after holding short positions on both Bitcoin (BTC) and Ethereum (ETH) for over two weeks. The forced liquidation resulted in a massive loss of $17.898 million. This single event erased 82% of the $21.675 million in profits the trader had accumulated through 15 leveraged trades since March 2, 2025, as cited by the source. Following the loss, the trader's remaining profit stands at $3.777 million, highlighting the extreme risks associated with high-leverage shorting in a volatile crypto market.

According to @EmberCN, recent activity on the decentralized derivatives exchange HyperLiquid highlights the extreme risks of high-leverage trading in a range-bound market. One trader, AguilaTrades, saw a $10 million unrealized profit on a Bitcoin (BTC) long position turn into a $2.5 million loss after BTC's price fell from its highs, as cited in the report. This follows a previous incident where the same trader lost $12.5 million after being up $5.8 million on another BTC long, according to Lookonchain. In a separate case, another HyperLiquid trader known as Qwatio lost nearly $3.7 million in one week through aggressive, highly leveraged short positions on both Bitcoin (BTC) and Ether (ETH), leading to five liquidations over a single weekend. The source notes that these losses occurred while Bitcoin traded in a tight range, chopping up leveraged traders, and that broader market data from CoinGlass showed $31 million in BTC and $50 million in ETH shorts were liquidated across exchanges.

According to @lookonchain, a highly-leveraged trader on the Hyperliquid platform known as Qwatio has incurred losses of nearly $3.7 million this past week due to aggressive short positions on Bitcoin (BTC) and Ether (ETH). On-chain data reveals the trader was liquidated five times over the weekend by opening short positions when BTC and ETH were at sessional lows, a strategic shift from their previous bullish long positions. This high-risk trading activity occurs amidst a broader market trend where, according to CoinGlass data, $50 million in ETH and $31 million in BTC short positions were liquidated across all exchanges in the last 24 hours.

According to @lookonchain, a trader on the decentralized derivatives exchange HyperLiquid, known as AguilaTrades, experienced a significant financial reversal, turning a $10 million unrealized profit into a $2.5 million realized loss. The trader was caught in a leveraged long position on Bitcoin (BTC) as the price dropped 4% from a high of $108,800 to around $104,000. This incident underscores the high risks of leveraged trading in a range-bound market, as Bitcoin has been oscillating between the $100,000 support and $110,000 resistance levels since May 9, according to the source. This was not an isolated event for the trader, who reportedly lost $12.5 million on a similar BTC long trade the previous week. The analysis suggests that a simpler strategy of buying at support and selling at resistance would have been more profitable in the current market conditions.

According to @santimentfeed, the Bitcoin (BTC) market is in a standoff between patient long-term holders and traders using increasing leverage. On-chain data from Glassnode reveals a dominant 'HODLing' behavior, with long-term holder supply reaching 14.7 million BTC and realized profits at historic lows, indicating minimal selling pressure. This patience is met by strong institutional demand, evidenced by $2.2 billion in net inflows to BTC spot ETFs last week, as reported by QCP. However, QCP also notes a rise in leveraged long positions and positive funding rates, creating a fragile equilibrium. Glassnode suggests the market may require a significant price move to unlock supply, potentially leading to an explosive breakout. Adding to institutional interest, design firm Figma disclosed a $70 million position in a Bitcoin ETF, and DeFi Development Corp. announced a $100 million raise to potentially accumulate more Solana (SOL).

According to @lookonchain, the Bitcoin (BTC) market is in a disciplined standoff near its all-time high, characterized by a conflict between patient long-term holders and an increase in leveraged trading. On-chain analysis from Glassnode indicates a dominant 'HODLing' behavior, with long-term holder supply reaching 14.7 million BTC and the Liveliness metric declining, suggesting older coins remain dormant. Furthermore, Glassnode's aSOPR metric hovers just above breakeven, implying that only recently acquired coins are being spent in tactical trades. This holder patience is met with significant institutional demand, as QCP reports noted $2.2 billion in net inflows to spot BTC ETFs last week and continued accumulation by corporate players. However, QCP also highlights rising leveraged long positions and positive funding rates, creating a fragile equilibrium that could lead to an explosive price move. Adding to institutional interest, design firm Figma disclosed a $70 million holding in a Bitcoin ETF, and DeFi Development Corp. announced a $100 million capital raise to potentially acquire more Solana (SOL).

According to @lookonchain, Bitcoin (BTC) is in a disciplined standoff near its all-time high, currently trading above $105,500. On-chain analysis from Glassnode indicates a dominant 'HODLing' behavior, with long-term holder supply reaching 14.7 million BTC and metrics like the Liveliness indicator showing older coins remain dormant. This patience from holders is met with strong institutional demand, evidenced by $2.2 billion in net inflows to spot BTC ETFs last week, as reported by QCP. However, QCP also notes that leveraged long positions are increasing, with funding rates turning positive. This creates a fragile equilibrium, with Glassnode suggesting the market may require a significant price move to unlock supply. Corporate adoption continues to signal bullish sentiment, with design firm Figma disclosing a $70 million position in a Bitcoin ETF and DeFi Development Corp. planning a $100 million raise to potentially buy more Solana (SOL).

According to @MI_Algos, the Bitcoin market is exhibiting signs of a major standoff, creating a potentially explosive setup for traders. On-chain data from Lookonchain revealed that two wallets dormant for 14 years moved 20,000 BTC, worth over $2 billion, to new non-exchange addresses, sparking speculation. This occurs as Bitcoin (BTC) trades above $105,000, facing a disciplined market environment. Glassnode analytics indicate that long-term holders are showing extreme conviction, with HODLing being the "dominant market mechanic" and realized profits remaining historically low. This patience is met with strong institutional demand, evidenced by $2.2 billion in net inflows to spot BTC ETFs last week, as reported by QCP Capital. However, QCP also notes that leveraged long positions are increasing, with funding rates turning positive. This creates a fragile equilibrium between steadfast holders and leveraged traders, which Glassnode warns may require a significant price move to resolve. Adding to the bullish institutional sentiment, Figma disclosed a $70 million BTC ETF holding, and DeFi Development Corp. plans to raise $100 million to potentially acquire more Solana (SOL).

According to @lookonchain, a trader on the HyperLiquid exchange known as AguilaTrades experienced a dramatic reversal, turning a $10 million unrealized profit into a $2.5 million loss on a leveraged Bitcoin (BTC) long position. This occurred as BTC's price fell from a high of $108,800 to approximately $104,000. This event is part of a broader market downturn that triggered over $1.15 billion in liquidations across major exchanges, as reported by Coinglass. Long positions were disproportionately affected, accounting for over $1 billion of the total liquidations. Notably, a single $200 million BTC long position was liquidated on Binance, marking one of the largest individual losses of the year. The market volatility also saw Ether (ETH) drop 8% to $2,530, while Solana (SOL) and Dogecoin (DOGE) fell by over 8%, indicating widespread pain for bullish traders who were over-leveraged in a tight trading range.

According to @EmberCN, recent Bitcoin (BTC) volatility has resulted in significant trading losses and heightened market alertness. A trader on the HyperLiquid exchange, identified as AguilaTrades, experienced a dramatic reversal, turning a $10 million unrealized profit into a $2.5 million loss after entering a leveraged long position as BTC's price fell from a high of $108,800 to around $104,000. This incident highlights the risks of leveraged trading within Bitcoin's current range, which has been oscillating between $100,000 support and $110,000 resistance since early May. Compounding market uncertainty, two dormant wallets from 2011 recently moved 20,000 BTC, valued at over $2 billion. While such large movements from long-term holders can signal impending sell-offs and price drops, blockchain data from Lookonchain indicates the funds were transferred to new, non-exchange addresses, making the immediate intention behind the transfer unclear.

According to @ai_9684xtpa, the Bitcoin market is in a state of fragile equilibrium. On-chain data from Lookonchain revealed that two wallets, dormant for 14 years, moved 20,000 BTC worth over $2 billion to new, non-exchange addresses, creating market buzz without immediate sell pressure. Currently trading around $107,580, BTC is seeing a standoff between patient long-term investors and leveraged traders. Glassnode reports that long-term holder supply has surged to 14.7 million BTC with historically low realized profits, indicating a strong "HODLing" sentiment. This is countered by persistent institutional demand, with QCP noting $2.2 billion in net inflows to BTC spot ETFs last week. However, QCP also highlights rising leveraged long positions and positive funding rates, suggesting an increase in short-term speculation. Glassnode warns that this balance may require a significant market move to unlock supply. Corporate interest remains strong, with design firm Figma disclosing a $70 million position in a Bitcoin ETF and DeFi Development Corp. raising $100 million to potentially acquire more Solana (SOL).

According to @ai_9684xtpa, Bitcoin (BTC) is in a standoff, trading around $106,000, as long-term holder conviction clashes with rising short-term leverage. On-chain data from Glassnode indicates a dominant 'HODLing' trend, with long-term holder supply reaching 14.7 million BTC and the Liveliness metric declining, suggesting older coins remain dormant. Despite this, data from QCP shows leveraged long positions have been increasing, evidenced by positive funding rates in perpetual futures markets. This fragile equilibrium is supported by persistent institutional demand, with QCP noting $2.2 billion in net inflows to BTC spot ETFs last week. Corporate adoption continues to be a key driver, with mining firm MARA Holdings (MARA) announcing its treasury is approaching 50,000 BTC, valued at over $5.3 billion. Additionally, design firm Figma disclosed a $70 million position in a Bitcoin ETF, and DeFi Development Corp. plans to raise $100 million for potential further accumulation of Solana (SOL).

According to @cas_abbe, the Bitcoin (BTC) market is in a tense standoff as it trades above $105,500. On-chain data from Lookonchain revealed that two wallets, dormant for 14 years, moved 20,000 BTC worth over $2 billion, though not to an exchange, creating uncertainty about potential selling pressure. This event coincides with a market dynamic described by Glassnode as a standoff between patient long-term holders and leveraged traders. Glassnode's analysis shows that "HODLing appears to be the dominant market mechanic," with long-term holder supply reaching 14.7 million BTC and realized profits remaining low. This patience is met with rising leverage, as QCP notes that funding rates have turned positive, and persistent institutional demand, evidenced by $2.2 billion in net inflows to BTC spot ETFs last week. Corporate interest is also growing, with design firm Figma disclosing a $70 million position in a Bitcoin ETF and DeFi Development Corp. planning to raise $100 million to accumulate more Solana (SOL). This fragile equilibrium suggests the market may be building towards an explosive move to either unlock supply or absorb the new leverage.

According to @rovercrc, the Bitcoin (BTC) market is in a standoff as it trades near its all-time high, pitting patient long-term holders against a rise in leveraged long positions. On-chain data from Glassnode indicates that 'HODLing appears to be the dominant market mechanic,' with long-term holder supply reaching 14.7 million BTC and realized profits remaining at historic lows, suggesting a strong reluctance to sell. This patience is met with persistent institutional demand, evidenced by $2.2 billion in net inflows to BTC spot ETFs last week, as reported by QCP. Corporate adoption continues to accelerate, with The Blockchain Group purchasing an additional 182 BTC to bring its holdings to over $170 million, and design firm Figma disclosing a $70 million position in a Bitcoin ETF. Meanwhile, QCP notes that rising leverage and positive funding rates signal a buildup of speculative interest. This fragile equilibrium between conviction and leverage has analysts from Glassnode suggesting the market may need a significant move to unlock supply, potentially leading to an explosive breakout.

According to @lookonchain, financial services firm Matrixport warns that Ethereum's (ETH) recent price rally was driven by speculative leverage rather than organic demand, increasing its vulnerability to significant price declines. This fragility was evidenced by a recent 8% sell-off and is supported by options market data, with QCP Capital noting that traders are actively hedging downside risk for both Bitcoin (BTC) and ETH. In contrast, Charmaine Tam, Head of OTC at Hex Trust, suggests ETH's outperformance against BTC could be a leading indicator for a broader capital rotation into the altcoin market. Tam highlights that the recent divergence, with ETH dominance rising as BTC dominance falls, indicates traders are looking beyond Bitcoin ETFs towards sectors like DeFi. Furthermore, Tam points to over $1.25 billion in inflows into spot ETH ETFs since mid-May as a sign of robust institutional interest, which could provide a solid foundation for a sustained altcoin rally.

According to @lookonchain, Ethereum (ETH) is facing significant breakdown risk as its recent rally was primarily driven by speculative, leveraged futures positions rather than fundamental demand, a warning issued by Matrixport. This fragility was highlighted by an 8% weekend sell-off, and derivatives data from Amberdata and QCP Capital shows traders are actively hedging for downside protection, with risk reversals turning negative. Concurrently, SharpLink Gaming (SBET), a Nasdaq-listed company pursuing an ETH treasury strategy, saw its stock price collapse by 70% in after-hours trading. BTCS CEO Charles Allen explained this was due to an SEC filing allowing early PIPE investors to resell nearly 59 million shares. However, Allen also suggested a potential bullish twist, speculating that SharpLink might have quietly raised up to $1 billion to purchase more ETH, which could trigger a stock rebound if announced.

According to @FarsideUK, Bitcoin (BTC) is in a disciplined standoff near its all-time highs, currently trading above $105,500. On-chain data from Glassnode indicates a dominant 'HODLing' sentiment, with long-term holder supply reaching 14.7 million BTC and realized profits remaining historically low. This suggests a limited desire to sell from seasoned investors. In parallel, market analysis from QCP highlights persistent institutional demand, evidenced by $2.2 billion in net inflows to spot BTC ETFs last week and continued accumulation by firms like Strategy and Metaplanet. However, QCP also notes a rise in leveraged long positions and positive funding rates, creating a fragile equilibrium between patient holders and speculative traders. This tension is further underscored by corporate adoption, with Figma disclosing a $70 million BTC ETF holding and DeFi Development Corp. planning a $100 million raise to accumulate more Solana (SOL).

According to @lookonchain, a trader on the decentralized derivatives exchange HyperLiquid, known as AguilaTrades, experienced a significant reversal, turning a $10 million unrealized profit on a Bitcoin (BTC) long position into a $2.5 million loss. The loss occurred after BTC's price fell 4% from a high of $108,800 to around $104,000. The source highlights that this is not an isolated incident for the trader, who reportedly lost $12.5 million on a similar BTC long trade last week after being up $5.8 million. This event underscores the risks of using high leverage in the current market, where Bitcoin has been trading in a tight range between approximately $100,000 support and $110,000 resistance since early May, frequently trapping leveraged traders.