- Whale’s $1.25B leveraged Bitcoin long signals bold bullish sentiment amid turmoil
- Trade war threats trigger sharp Bitcoin dip, yet key support zones remain intact
- Bitcoin volume tops $48B as price holds strong above major weekly support levels
A major Bitcoin whale has sent shockwaves across the crypto market with a massive leveraged position, even as global economic tensions rise. According to data shared by analyst Crypto Rover, a trader has taken a colossal $1.25 billion long position on Bitcoin with 40x leverage.
This high-stakes trade appears on the PERPS section of a cryptocurrency trading platform, revealing an open position of 11,588 BTC at an entry price of $108,915.5 per Bitcoin. The move signals strong bullish sentiment, even as price action remains choppy due to rising geopolitical risks and sudden policy shifts.
🐳 40X #BITCOIN WHALE JUST INCREASED HIS LONG POSITION TO $1.25 BILLION
— Crypto Rover (@rovercrc) May 24, 2025
LETS GOOO 🚀 pic.twitter.com/ItIeTKySMi
Tariff Tensions Rattle Markets
Just a day after Bitcoin touched a new all-time high of $112,000, fresh tariff threats from President Trump quickly dampened the momentum. According to insights from blockchain analytics firm Santiment, the sudden reemergence of trade war fears with the EU has sparked caution across markets.
The U.S. administration announced a 50% import tax on European goods and proposed a 25% tariff on Apple products unless the company moves manufacturing back to American soil.
These aggressive trade threats, scheduled to take effect by June 1st, have injected fresh uncertainty into both traditional and crypto markets. Consequently, Bitcoin’s price dipped over 3%, falling to $107,600 before recovering slightly.
The S&P 500 mirrored this decline, underscoring broader investor anxiety. The unpredictable nature of trade policy now forces many crypto traders into a holding pattern, bracing for further developments.
Key Support Levels Hold Firm
Despite this turbulence, analyst EGRAG CRYPTO offered a cautiously optimistic outlook. The weekly candle for Bitcoin still hovers above three vital support zones: $106,400, $104,200, and $102,250.
#BTC – Weekly Candle Closure Update :
— EGRAG CRYPTO (@egragcrypto) May 24, 2025
As long as the body of this weekly candle stays above these key support levels, the bullish momentum remains intact:
1️⃣ $106,400
2️⃣ $104,200
3️⃣ $102,250
However, be aware — a quick flash crash could occur in these final legs to shake out… pic.twitter.com/t73Fl3Fnm5
As long as price action respects these levels, bullish momentum may remain intact. However, traders must remain wary of flash crashes. Such moves could shake out over-leveraged positions both long and short before a new upward leg begins.
As of press time, Bitcoin’s 24-hour trading volume stands at over $48 billion. The current BTC price sits at $109,287, reflecting a modest decline of 1.02% on the day. Nevertheless, the asset has gained over 6% in the past week, pointing to underlying strength despite near-term volatility.
