Bitcoin surged to $108,000 on June 9, 2025, coinciding with a significant $54.5 million long position taken by a newly created whale wallet, identified as '0x1f25', which opened a 20x leveraged trade at an entry price of $106,538. This wallet was funded with $10 million in USDC stablecoin and has already realized a paper profit of over $11,000. The surge in Bitcoin's price was attributed to positive sentiment around ongoing US-China trade talks, which may ease tech export restrictions in exchange for access to China's rare earth materials. Alongside this, analysts suggest Bitcoin could reach new all-time highs within 1-2 weeks, following a pattern seen in gold and the S&P 500 after similar breakout resistances. The combined market optimism has led to a growth of over $190 billion in the crypto market since revised economic forecasts emerged. As traders remain attentive to market developments, analysts remain bullish about Bitcoin's trajectory toward record highs, potentially pushing whale profits to 225%.

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