Three whales on Hyperliquid have placed a staggering $1 billion in long positions on Bitcoin with 40x leverage, signaling strong confidence in a price surge, while CryptoQuant’s on-chain data supports a healthy bull market with potential for further growth. CryptoQuant highlights a recurring pattern in Bitcoin’s price cycles: during this bull run, each time Bitcoin reached a new all-time high, Binance recorded sharp spikes in market buy volume and funding rates, followed by corrections due to market overheating (Chart – Boxes 1 and 2). The aggressive long positions taken by whales on Hyperliquid, totaling $1 billion with 40x leverage, reflect their strong confidence in Bitcoin’s bullish market outlook.