As Bitcoin suddenly surged on Sunday morning, it once rose by 2000 dollars and is now reported at 115011 dollars, the cryptocurrency market once again showcases an intense showdown between bulls and bears.
On one hand, there are Whales in a short position with 40x leverage was established near Bitcoin price $114,000. On the other hand, institutional investors and Whale holders are actively increasing their holdings, having purchased $356.6 million worth of Bitcoin in just five hours.
01 Bull vs Bear: Market Volatility Soars
On Sunday morning, the cryptocurrency market suddenly surged, with Bitcoin’s short-term rise once expanding to 2000 USD, and then stabilizing around 115011 USD.
At the same time, the total liquidated amount across the market reached 430 million USD, with over 100,000 investors facing liquidation.
Short orders have become the biggest victims of this wave of market, with about $347.5 million in short orders liquidated in the past 24 hours.
The sudden market fluctuations caught many high-leverage traders off guard.
02 Whale Showdown: Short Sellers in Trouble
In this battle between bulls and bears, the movements of a Whale have attracted market attention.
According to the monitoring of crypto analyst Ai Yi, an address related to former BitMEX CEO Andrew Kang has expanded its BTC short order position to 40x leverage, valued at $48.23 million.
The opponent of this Whale is a well-known trader known as the "100% Win Rate Whale."
Currently, the floating loss of this short order has expanded to 3.245 million dollars, with a liquidation price of 116914.8 dollars.
This means that if the Bitcoin price continues to rise and breaks through $116,000, the short order will face the risk of being forcibly liquidated.
03 Institutions Bet: Whales Quietly Accumulate
In stark contrast to the bears, more whales and institutional investors are actively accumulating Bitcoin.
According to Crypto Briefing, the most notable example is the Bitcoin Whale with the address "bc1qd3", which accumulated Bitcoin worth $356.6 million in just five hours.
This is one of the largest rapid accumulation events in recent months.
Santiment reported that in the third quarter of 2025, the balance of holders with 10,000 to 100,000 BTC increased by 2.5%, controlling more than 15% of the total supply.
Glassnode’s data also confirms this trend, with 75% of Bitcoin’s circulation remaining unchanged over the course of more than a year, reflecting the strong conviction of long-term holders.
04 SpaceX and Tesla’s Bitcoin layout
At the enterprise level, Elon Musk’s SpaceX and Tesla have close ties with Bitcoin.
According to Arkham Intelligence, SpaceX transferred over $133 million in Bitcoin on Friday.
The company has transferred a total of 1215 Bitcoins to different addresses.
Before the transfer, the company held 8,285 Bitcoins, worth approximately $914 million.
Tesla currently holds 11,509 Bitcoins, worth over $1.27 billion.
According to data from BitcoinTreasuries.net, this ranks it fourth among private companies holding Bitcoin treasuries.
05 Market Outlook: Multiple Factors Boost Bullish Sentiment
Macroeconomic bullish factors are accumulating, boosting market bullish sentiment.
There are signs of easing in US-China trade relations, as US Treasury Secretary Scott Basset stated on Sunday that significant progress has been made between both sides on the framework of a trade agreement.
This agreement is expected to cancel the 100% additional tariffs announced by US President Trump on October 10, which were scheduled to take effect on November 1.
The Federal Reserve’s expectations for interest rate cuts are also rising, as the Federal Open Market Committee will meet this Tuesday and Wednesday. The market generally expects a further cut of 25 basis points to 3.75%-4.00%.
According to CME Group’s FedWatch tool, the probability of a rate cut is as high as 96.7%.
Bitwise advisor Jeff Park stated: "The easing of US-China trade tensions may drive Bitcoin and gold to new highs."
06 Technical Analysis: Key Resistance Levels Become the Focus
From a technical perspective, Bitcoin shows a short-term bullish trend.
The moving average system is in a bullish arrangement, with a golden cross on the daily chart confirming upward momentum, breaking through the middle track and stabilizing.
The levels of $116,800 and $117,500 have become key resistance points. If these levels can be broken, it will open up space for further rise.
Lucas from BTC Markets predicts that Bitcoin is expected to rise another 15% to 25% from the current price, reaching the range of $130,000 to $150,000 by the end of 2025.
The historical highest price of Bitcoin is $126,080.
Future Outlook
Market analyst Ted pointed out that Bitcoin has now shown a short-term dominance, closing higher for four consecutive days, which indicates that institutions may be using the time-weighted average price method to continuously buy.
Once the Bitcoin price breaks through $116,000, that Whale who bet $40 million on a short order will face the fate of being liquidated.
Coinglass data indicates that in just the last four hours, $195 million in short orders have been liquidated, and this battle between bulls and bears seems to be developing in favor of the bulls.
