Bitcoin (BTC) continues to trade within a volatile range, with sudden price drops causing significant losses for long-position traders. However, bullish sentiment remains resilient, fueled by robust fundamentals across the broader cryptocurrency market.
The Bold Re-Entry of AguilaTrades
On-chain tracker LookonChain revealed on June 20, 2025, that ByBit's top trader AguilaTrades has once again opened a massive Bitcoin long position. The trade involves:
- 3,854 BTC ($408 million at current prices)
- $3.2 million in unrealized gains (as of reporting)
This move follows two high-profile failures:
- A $15.4 million loss within 10 days due to profit-taking delays.
- A previous trade where a $5.8 million gain** reversed into a **$12.47 million loss.
Now trading on Hyperliquid with:
- 20x leverage
- Liquidation price set at $103,330
Key Question:
Will AguilaTrades secure profits this time, or repeat past mistakes in pursuit of dominance on Hyperliquid?
Market Context: Why This Trade Matters
Macro Catalysts Supporting Bitcoin
- El Salvador’s Bitcoin Adoption: New BTC/USD kiosks at its international airport.
- Institutional Inflows: Spot Bitcoin ETFs continue attracting capital.
- Options Expiry Impact: $5.8 trillion in open contracts (June 20, 2025) may drive upward price pressure.
On-Chain Insights
Data from Santiment highlights a divergence:
| Wallet Type | BTC Held | 10-Day Change (June 2025) |
|------------------|----------------|---------------------------|
| Whales | 10+ BTC | +231 wallets |
| Retail | 0.001–10 BTC | -37,465 wallets |
Historically, this pattern (whales accumulating, retail exiting) precedes bullish momentum. With BTC trading above $104,300, the setup mirrors pre-rally phases.
Expert Forecast: Bitcoin’s Next Phase
Crypto trader BitBull identifies a Power-of-3 market structure:
- Accumulation: January–February 2025
- Manipulation: March–April 2025
- Expansion: Current phase (June 2025 onward)
👉 BitBull’s full analysis on Hyperliquid strategies
Price Targets Post-Consolidation:
- Short-term: $130,000–$135,000
- 2025 Cycle Peak: $205,097 (120% growth potential)
FAQ Section
Q1: Why do whales accumulate while retail sells?
A: Whales often capitalize on panic selling, positioning for long-term gains. Retail exits due to short-term volatility fears.
Q2: What’s the significance of Bitcoin options expiry?
A: Large expiries can trigger liquidity shifts, often leading to price volatility or breakouts.
Q3: How reliable is the Power-of-3 pattern?
A: While historical, it’s one of several tools. Always combine with fundamental and on-chain analysis.
Q4: Should traders follow AguilaTrades’ moves?
A: High-leverage trades carry extreme risk. Independent research is critical before mimicking such positions.
Final Thoughts
Bitcoin’s market dynamics suggest a pivotal moment. With institutional adoption growing and technical patterns aligning, the stage is set for potential upward movement. However, traders must weigh risks—especially with leveraged positions like AguilaTrades’.
👉 Explore secure trading strategies for volatile markets
Disclaimer: This content is for informational purposes only. Trading cryptocurrencies involves substantial risk.