Long

Bitcoin

Rekt

would

<p>In latest Bitcoin news, two whale traders have each opened Bitcoin long positions worth $115 million and $20 million respectively.</p>
<p>These two high-cap positions indicate growing confidence in Bitcoin price despite the recent retracement to $108,000.</p>
<h2 class="wp-block-heading" id="h-whales-open-multi-million-dollar-btc-long-positions-as-price-drops-to-108k"><strong>Whales Open Multi-Million Dollar BTC Long Positions As Price Drops To $108K</strong></h2>
<p>As per Bitcoin news reports, data from recent trading activity shows a massive $115 million Bitcoin long position opened using 13x leverage, signaling strong bullish conviction.</p>
<p>The entry price hovers around $110,123, while the unrealized profit already exceeds $670,000, marking a 7.65% gain in a short window.</p>
<p>A second trader also opened a $20 million Bitcoin long position at around $110,590 per coin. Both trades hinted at the growing conviction among whales and <a href="https://www.thecoinrepublic.com/2025/10/07/how-to-buy-bitcoins-can-xrp-tundra-presale-offers-better-roi-than-zcash/" rel="noopener noreferrer nofollow">smart traders </a>about Bitcoin’s short-term and long-term prospects.</p>
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   Source: X
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<h2 class="wp-block-heading" id="h-bitcoin-news-expected-volatile-retest-phase"><strong>Bitcoin News: Expected Volatile Retest Phase</strong></h2>
<p>According to expert analyst Rekt Finance, Bitcoin continues to trade within a key consolidation range, and price action is showing signs of a healthy retest after recent volatility.</p>
<p>The weekly chart suggests that a dip toward the 21-week EMA (green line) — currently hovering around $111,000 — remains a real possibility.</p>
<p>This area has historically served as a strong dynamic support during mid-cycle corrections.</p>
<p>Despite short-term pressure, Bitcoin price has repeatedly defended the mid-$110,000 zone but failed this time, allowing the cryptocurrency to slide towards $108,000.</p>
<p>However, the current pullback appears more like a retest than a reversal.</p>
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   Bitcoin price chart by Rekt Finance
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<p>A weekly close above $114,500 would be technically significant and would confirm the largest cryptocurrency’s success in completing its retest phase.</p>
<p>If this happens, the doors could open for Bitcoin to skyrocket past $120,500 and $123,580.</p>
<p>In a further Bitcoin news update, analyst Daan Crypto Trades maintains that Bitcoin remains firmly within its established range.</p>
<p>According to him, it is showing clear signs of hesitation after being rejected twice around the $116K resistance zone.</p>
<p>Meanwhile, price has drifted lower and continues to hover near the high-volume node between $109,000 and $111,000.</p>
<p><a href="https://www.thecoinrepublic.com/2025/10/30/why-bitcoin-btc-usd-price-dipped-below-110k-what-to-expect-in-november/" rel="noopener noreferrer nofollow">This price range </a>has served as a price magnet and could be the springboard that launches Bitcoin to a new record high.</p>
<p>Zooming into Daan’s chart, Bitcoin is trading around the 4H 200EMA (blue), having recently slipped below the 200MA (purple).</p>
<p>This crossover is a signal for the loss of short-term momentum after the strong rally that took place in previous sessions.</p>
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   Source: Daan Crypto Trades
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<h2 class="wp-block-heading" id="h-bitcoin-news-megaphone-pattern-reveals-imminent-rally"><strong>Bitcoin News: Megaphone Pattern Reveals Imminent Rally</strong></h2>
<p>Every bullish pattern observed in Bitcoin news has historically paved the way for an upside breakout for BTC. The current chart tells a familiar story.</p>
<p>Over the past two years, BTC has repeatedly consolidated in well-defined bullish formations. Each time it went higher with strong momentum.</p>
<p>The formation suggests that buyers are gradually regaining control, pushing against resistance while defending key higher lows</p>
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   Source: Mags
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<p>Each previous consolidation on the chart, whether a flag, wedge, or channel,&nbsp; has eventually given way to a powerful upward expansion.</p>
<p>The current setup mirrors those earlier stages remarkably well. If this pattern follows the same path, Bitcoin could soon be gearing up for another decisive breakout.</p>
<p>The technical picture remains constructive. Momentum is steady, trend structure is intact, and historical patterns continue to support a bullish continuation scenario.</p>
<p>In short, Bitcoin news may flash headlines featuring a massive BTC USD price breakout in the foreseeable future.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2025/10/30/bitcoin-news-whale-opens-20m-bitcoin-long-position-after-drop-to-108k/" rel="noopener noreferrer nofollow">Bitcoin News: Whale Opens $20M Bitcoin Long Position After Drop to $108K</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Bitcoin News: Whale Opens $20M Bitcoin Long Position After Drop to $108K

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