Whales don’t move tens of millions with **6x leverage** unless they think a big move is near. Over the past 24 hours, multiple seven- and eight‑figure **USDC** deposits hit Hyperliquid to fund aggressive **Bitcoin longs**, even as BTC hovers near **$108,200** and struggles beneath its **30‑day MA (~$109,322)**. Is smart money front‑running a push toward **$110,000**—or setting the stage for the next volatility spike?

Whales are stacking leveraged longs

A single whale deposited **$9.6M USDC**, deploying roughly **$8.5M** into BTC for a **6x** long worth about **$14.47M** (≈**133.86 BTC**). Another address added **$1.5M USDC** to boost a BTC long now valued near **$49.7M**. Wallet **0x8Ae4** placed roughly **$4M USDC** across **BTC, ETH, and SOL** longs—broadening the bet beyond Bitcoin.

The whale dubbed **“God is Good”** opened a new BTC long near **$50M** after banking **$1.24M** on recent shorts; its liquidation sits around **$102,300**—a level traders should monitor as a potential liquidation magnet during drawdowns.

Why this matters right now

Per Coinglass, **longs control 51.98%** of BTC positioning, with **4‑hour volume at $6.14B**. That tilt, combined with notable whale entries during consolidation, often reflects **accumulation**. But it also raises two-sided risk: a sustained reclaim of the **30‑day MA** can fuel a breakout, while overleveraged longs can accelerate a downside **liquidation cascade** if price wobbles.

Key levels and signals

BTC’s rejection near **$112K–$113K** kept it capped below trend. The near-term inflection is the **30‑day MA (~$109,322)**. Above that, watch **$110K**, then the **$115K–$118K** resistance band. On the downside, **$107K** is a local guardrail; failure there opens a path to **$104K** and increases the risk of tapping deep liquidity around **$102.3K**.

Momentum-wise, **RSI ~45** is below neutral; a sustained push **>50** with rising spot volume would align with a bullish shift. If that move coincides with continued whale inflows and exchange outflows, the breakout case strengthens.

Actionable game plan

• Set alerts around the **30‑day MA (~$109,322)** and **$110K** for breakout confirmation; invalidate if price reclaims and then loses the MA on rising volume.
• Track **funding rates** and **open interest**; rising OI with balanced funding favors trend continuation, while overheated funding warns of squeeze risk.
• Monitor **whale wallet flows** (e.g., large USDC deposits to perps venues) and **spot exchange outflows** to gauge accumulation versus leverage-only moves.
• Use **liquidation heatmaps** to map liquidity pockets near **$107K**, **$104K**, and the **$102.3K** cluster; expect wicks into these zones during volatility.
• Favor **measured leverage** and staged entries; define clear **invalidation** below your nearest support to limit downside in a crowded long market.

Bottom line

Whales are signaling **conviction** with size and leverage, but the tape still demands confirmation. Reclaiming the **30‑day MA** and holding it turns **$110K** into a realistic target, with **$115K–$118K** next. Lose **$107K**, and the market may hunt deeper liquidity first. Trade the levels, not the narratives.

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