According to Lookonchain monitoring data, as Bitcoin reclaims the $100,000 level and Ethereum returns above $2,000, a major whale holding 40x leveraged BTC and 25x leveraged ETH positions has realized floating profits exceeding $2.8 million.
Market Overview
Cryptocurrency Performance:
- Bitcoin breaks through $110,000, fueling both bullish momentum and potential bearish sentiment
- Ethereum shows strong recovery above key psychological level
Traditional Markets:
- US June non-farm payroll data indicates robust economy despite tariff impacts
- Fed rate cut expectations cool significantly
Major US stock indices reach new highs:
- DJIA up 0.77%
- S&P 500 rises 0.83% to 6,279
- NASDAQ gains 1.02% to 20,601
Currency Movements
The USD/JPY pair accumulated 9% decline in first half of 2025, marking its strongest performance in recent years. Meanwhile, GBP/JPY rose on Thursday boosted by better-than-expected US employment data.
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Bitcoin Price Analysis
BTC continues its upward trajectory:
- Nearly 1% gain on Friday (July 4)
- Peaked at $110,529
- Currently trading around $109,483
- Just $1,000 away from all-time high of $120,000
Market watchers remain divided on whether current levels signal:
- Sustainable breakout
- Potential correction
- Continuation of bull market
FAQ Section
Q: What's driving Bitcoin's current price surge?
A: Combination of institutional interest, macroeconomic factors, and positive market sentiment.
Q: How significant is $2.8 million profit for a whale position?
A: While substantial, it represents partial gains from leveraged positions that could be liquidated if market reverses.
Q: What are key levels to watch for ETH?
A: Maintaining above $2,000 is crucial, with next resistance around $2,500.
Q: How might US legislation affect crypto markets?
A: The newly passed legislation could bring both regulatory clarity and institutional participation.
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Core Keywords Identified
- Bitcoin
- Ethereum
- Whale
- Leverage
- Profit
- Market
- Trading
- Analysis