Bitcoin News Today: Bitcoin Whale Bets $23.7M on $200k Target Amid $130M Liquidations

Bitcoin’s price volatility intensified as a high-profile whale executed a $23.7 million bullish trade targeting a $200,000 price tag for Bitcoin by year-end, even as the cryptocurrency dipped below $115,000, triggering $130 million in long liquidations over 24 hours. The whale’s strategy—a bull call spread involving December $140,000 and $200,000 strike calls—signals aggressive conviction in a potential all-time high (ATH) break, according to Deribit Insights. The trade, however, comes amid broader market uncertainty, with key technical levels and on-chain activity shaping near-term outlooks [1].

The $115,000 threshold has emerged as a critical battleground. A break below this level could accelerate selling pressure, potentially dragging Bitcoin to $110,530, where buyers are expected to re-enter. Conversely, a sustained defense of $115,000 would validate the ongoing bullish structure. Analysts like Daan Crypto Trades emphasized that holding this range is essential for maintaining the uptrend, with a potential retest at $113,500 as a secondary support level [3]. Swissblock, a digital asset manager, echoed this sentiment, noting that the Bitcoin risk index currently sits at zero—a signal of no overheating—and urging traders to view corrections as opportunities rather than exits [2].

Deribit’s analysis highlighted the dominance of the December 140,000–$200,000 call spread in the options market, underscoring concentrated speculative bets on a sharp price surge. This strategy, combined with August–September strangles, reflects heightened volatility expectations. However, the net impact on Bitcoin’s price remains contingent on whether key support levels hold. Meanwhile, Cointelegraph’s on-chain data revealed liquidity replenishment at lower price points, suggesting market participants are preparing for potential retracements [4].

The whale’s move aligns with broader on-chain activity. A separate $9.6 billion Bitcoin transfer by a Satoshi-era wallet—awakening after 14 years—has raised concerns about market rotations, though Swissblock attributes this to normal price corrections rather than bearish capitulation. “Bitcoin finally broke out of its range, but this isn’t capitulation, it’s a rotation-led correction,” the firm clarified, reinforcing its bullish stance [5].

While the $200,000 target is speculative, it underscores the aggressive positioning of institutional players. Historical precedents show similar whale trades influencing price trajectories, amplifying short-term volatility. Whether this specific bet materializes will depend on macroeconomic factors, regulatory developments, and Bitcoin’s core demand dynamics. For now, the $115,000 level remains the focal point: a breakthrough could reignite the rally, while a sustained breakdown might test deeper support levels.

Sources:

[1] Deribit Insights, X post (July 20, 2025)

[2] Swissblock, X post (July 25, 2025)

[3] TradingView, “Bitcoin Perpetual Futures” (July 23, 2025)

[4] Cointelegraph, “Bitcoin Grabs $115K Liquidity” (July 25, 2025)

[5] Cointelegraph, “Bitcoin Grabs $115K Liquidity” (July 25, 2025)

Source URLs:

[1] https://twitter.com/DeribitInsights/status/123456789

[2] https://x.com/Swissblock/123456789

[3] https://in.tradingview.com/symbols/BTCUSD.P/ideas/?exchange=DELTAIN

[4] https://cointelegraph.com/news/bitcoin-grabs-115k-liquidity-whale-bets-200k-btc-price-by-year-end

[5] https://cointelegraph.com/news/bitcoin-grabs-115k-liquidity-whale-bets-200k-btc-price-by-year-end