Bitcoin is at a critical juncture as it approaches a potential parabolic phase or the end of its current bull market. Analysts are closely monitoring market indicators to determine whether Bitcoin can sustain its momentum or if it will face a downturn in the coming days. The outcome in the next 100 days could significantly influence its price trajectory.

A prominent trader on Hyperliquid, who previously made headlines for a $150 million profit from shorting during a crypto crash, has opened another significant short position valued at over $160 million. Speculation connects this trader to Garrett Jin, the former CEO of BitForex, although these links remain unverified.

A trader who previously made $192 million by shorting Bitcoin during a recent market crash has opened a new $163 million short position on the cryptocurrency, raising speculation about possible insider knowledge due to the timing of a recent tariff announcement. Operating on the decentralized exchange Hyperliquid, the trader's position is highly leveraged and has already yielded profits, contributing to concerns about market stability amid ongoing volatility.

An OG bitcoin whale has resumed selling, depositing 1,176 BTC worth approximately $136.2 million to Hyperliquid after previously swapping over $4 billion in BTC for ETH. This activity follows a notable trend where spot Bitcoin ETFs saw significant outflows while Ethereum ETFs experienced large inflows.

James Wynn, a prominent crypto trader, faced full liquidation after placing high-leverage bets on Hyperliquid, resulting in a net loss exceeding $17 million. His downfall was triggered by a $1.25 billion long position on Bitcoin, which led to significant losses as prices fell amid market volatility. Despite the setback, Wynn remains optimistic about his trading future, stating he will continue to take calculated risks.

Over the past 24 hours, the cryptocurrency market experienced $1.7 billion in liquidations, primarily driven by a significant drop in Bitcoin and Ether prices. Approximately $1.62 billion of the liquidations were from long positions, indicating a turbulent trading environment as over 404,000 traders faced forced closures of their positions. Analysts suggest that the prevailing market conditions may indicate the end of the recent bull cycle.