Whale’s $137M Bitcoin Long Sparks XRP Bullish Bias

A crypto whale opened a $137 million Bitcoin long position using 40x leverage. XRP futures on Binance saw a surge in long positions, with over 71% of traders betting on upside. Market sentiment across Bitcoin, XRP, and Ethereum is increasingly bullish . A crypto whale has opened a massive $136.91 million long position on Bitcoin using 40x leverage, sparking speculation across the crypto community. The position equals 1,420 BTC, and the trader entered it at $96,629, with a liquidation level of $87,638. This high-risk, high-conviction move signals deep confidence in Bitcoin’s short-term upside. At the time of the update, the position showed an unrealized loss of $244,800. The trader also incurred over $26,000 in funding fees, suggesting it is a calculated move targeting an anticipated liquidity surge. As crypto analyst Cedric Beau remarked, “That kind of leverage comes from someone who’s confident the next liquidity wave isn’t weeks away.” This extreme 40x leverage comes when Bitcoin attempts to reclaim the $100K level, reigniting speculation on its long-term potential. According to crypto trader Peter Brandt, Bitcoin could reach between $120K and $150K by August, reinforcing the bullish mood. Related: TOKEN2049: Arthur Hayes Presents Case for $1 Million Bitcoin Price by 2028 Further, the whale’s massive leverage suggests confidence in bullish setups for Bitcoin and altcoins, especially XRP. Traders are also mirroring the whale’s confidence by opening significant long positions in other assets. XRP Futures Sentiment Surges In support of the narrative, crypto analyst Ali Martinez pointed out that 71.54% of traders on Binance Futures currently hold long positions in XRP. According to the analyst, the long/short ratio sits at a robust 2.51, reflecting widespread optimism among futures traders. Essentially, XRP’s retail-heavy futures market appears to be responding to the same level of confidence in kind to Bitcoin’s high-leverage move. Bullish Sentiment in Ethereum Meanwhile, a similar setup is also visible for Ethereum. Last week, ETH witnessed over $380 million in exchange outflows amid rising self-custody trends and tightening supply. According to CryptoQuant data, a 3% rise was noticed in large holders since August 2024, reversing a long-standing decline. Analyst Darkost called it ‘smart money’ accumulation, supported by stable active address numbers and a positive turn in Net Taker Volume. Related: $380M ETH Exchange Outflows Suggest Supply Squeeze as Bulls Rebuild This alignment across Bitcoin, XRP, and Ethereum indicates a shared expectation of a favorable macro move in crypto markets. Together, the whale’s massive BTC position and the rising bullish sentiment in XRP paint a picture of growing confidence and potentially the early signs of a broader crypto breakout. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company. Source: https://coinedition.com/massive-bitcoin-long-position-could-this-explain-the-strong-bullish-bias-for-xrp/