Recent Bitcoin activity has seen prices surge past previous highs, driven by intense buying from bulls before the weekly close. This rally could propel BTC toward a new all-time high (ATH) at around $125,000. However, trading volumes remain relatively low, suggesting a potential correction may follow. While whales and bulls are pushing prices higher, concerns arise as the price approaches crucial levels near $127,000, posing a significant risk of liquidation for large traders holding positions. A whale’s strategic intervention underscores this concern. To avoid liquidating a substantial portion of their holdings, this significant Bitcoin whale (identified by the on-chain activity and tweets) deposited nearly $6 million in USDC into Hyperliquid. This action suggests a belief in continued upward momentum despite potential short-term price drops, highlighting the influence these large traders have. This has resulted in a critical level of trading at around $127,000. A sustained rise past this level would trigger significant selling pressure, leading to a rapid decline, potentially pushing Bitcoin towards $122,000 or even lower before stabilizing. The coming days will be crucial for Bitcoin’s short-term direction as the market waits to see how these large players navigate the volatility.