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CryptoUpdated×8•Originally published 25 April 2026•Updated 27 April 2026•

1 min read

Bitcoin Hits $80,000 Level as Whales Build Aggressive Long Bias

Key Facts

1A whale trader opened a $38 million short position against Bitcoin on the Hyperliquid platform.

The cryptocurrency market witnessed a significant shift as Bitcoin tagged the $80,000 level, fueled by aggressive long bias among major whales. This momentum was further amplified by the liquidation of over $140 million in short positions within a 12-hour window, creating intense upward pressure. Market volatility spiked following reports of a potential US-Iran deal, triggering rapid pump-and-dump price action. Despite the price surge, a sharp drop in Bitcoin options open interest suggests a strategic reduction in market leverage as investors increase put option volumes for downside protection. Analysts are now focusing on critical liquidation clusters at $73.6K and $81.3K as geopolitical developments continue to drive market sentiment.

Sources:

about 1 month ago

Version History

1 additional source confirmed this story

Version 8about 1 month ago

What changed: Updated the story to include $140 million in short liquidations and the impact of US-Iran deal reports on recent price volatility.

Version 7about 1 month ago

What changed: Updated the story to include Bitcoin options data showing a reduction in market leverage and increased hedging against downside risks.

Version 6about 1 month ago

What changed: Added specific technical liquidation price targets at $73.6K and $81.3K as new key levels.

Version 5about 1 month ago

What changed: Updated headline to reflect the $80,000 price level and incorporated new data regarding whale long positions and US-Iran diplomatic talks.

Version 4about 1 month ago

What changed: The story was updated to reflect the market shift from long liquidations to a price rally driven by short liquidations and US CPI inflation data.

Version 3about 1 month ago

What changed: Updated the story to include the liquidation of $600M in Bitcoin long positions, marking the highest volume since February.

Version 2about 1 month ago

What changed: The focus shifted from Bitcoin short-selling to significant whale activity in Ethereum involving a dump of 10,829 ETH followed by re-accumulation.

Version 1about 1 month ago

What changed: Updated the story from an open position to a realized profit of $5.8M following a price drop to $77,480 driven by geopolitical tensions.