Brave ones enjoy the future first~ Tonight at 22:34, a whale on Binance opened a massive long position worth $67.2M, totaling 1120.81 BTC, with an entry price of $59,963. As of now, this big position is slightly in the red. Tonight’s action was brutal—less than half an hour saw a 5% nosedive. The core drivers behind this are multiple bearish factors resonating together: - A strong USD suppressing risk assets - Continued large-scale outflows from Bitcoin spot ETFs (weak institutional buying) - Leverage longs triggering cascading liquidations - U.S. PCE inflation rising to 4.1% - Increased uncertainty around AI narratives... During this period, Coinbase dumped $23.59M in spot, while Hyperliquid’s BTC/USDC contract saw $294M in market sell pressure, intensifying the liquidation cascade. Currently, BTC is undergoing a recovery adjustment, with open interest in contracts slightly rising. In the short term, pay close attention to whether $59,000 holds. If it stabilizes, this could very well become a solid foundation for the next upward move.