A $93 million Bitcoin long aligns with record options open interest as Binance withdrawals climb toward $91 K.

Large Leveraged Long Position

A $93 million 5x leveraged Bitcoin long appeared on a derivatives platform on Dec 12, entering near $91,506. The trade showed more than $1 million unrealized profit as BTC rose above $92,500. Its size places it among the largest visible leveraged positions. Such bets signal strong conviction but carry heightened liquidation risk.

Elevated Options Open Interest

Bitcoin options open interest stayed near record levels, rising alongside price in recent months. Notional exposure remains high, indicating dense leverage across the market. The metric has not slipped during recent consolidations, suggesting persistent positioning. Elevated open interest points to active market participation and price sensitivity.

Spike in Binance Withdrawals

Withdrawals from Binance surged, reaching around $91,000 as Bitcoin hovered near recent highs. This on‑chain activity reflects investors moving coins to self‑custody rather than preparing to sell. The spike is markedly larger than in previous months. Historically, such withdrawal bursts accompany reduced exchange supply and accumulation phases.

Overall Market Implications

The combination of large leveraged longs, high options open interest, and increased withdrawals shows heavy futures and options positioning with ongoing accumulation. Bitcoin’s price stability near $91k reinforces market confidence. However, the concentration of leveraged bets raises the risk of sharp corrections. Continued on‑chain inflows suggest that bullish sentiment remains resilient.