- AguilaTrades reenters with a $200M BTC long using 20x leverage, signaling rising institutional confidence amid low retail interest.
- Bitcoin interest has declined to bear-market levels despite trading above $100K, reflecting subdued retail sentiment and cyclic behavior.
- BTC charts show repeated falling wedge breakouts since 2023, with bullish MACD crossovers confirming strong technical momentum ahead.
AguilaTrades, the leading Bybit trader who amassed $77.36 million in profits over the past year, has reignited attention in the crypto market. After shifting to Hyperliquid, his first $BTC long position resulted in a steep $12.47 million loss. However, he is now back with renewed conviction, holding a massive 1,894 BTC long position worth $200 million using 20x leverage. This aggressive bet signals high confidence, despite overall interest in Bitcoin hovering near bear-market lows.
Bitcoin Interest Hits Cyclical Low
Bitcoin-related online interest has dropped. Data from Coinvo shows current engagement levels resemble bear-market conditions. Although Bitcoin’s price stays above $100,000, public interest remains muted. From June 2020 to June 2025, the trend has shown recurring peaks followed by consistent declines. Peak activity occurred between December 2020 and May 2021, where interest spiked to values above 90.
Source: Coinvo
Since then, search volumes have gradually declined. In early 2023, interest mostly stayed between 15 and 35. By mid-2025, values flattened between 20 and 30. This suggests retail enthusiasm has weakened. However, history shows these downturns often precede explosive upward movements once sentiment shifts.
Technical Momentum Points Toward Another BTC Rally
Besides sentiment, technical charts paint a bullish picture. Analyst el_crypto_prof notes that Bitcoin has followed a near-identical structure across 2023, 2024, and 2025. Each year began with a falling wedge pattern, followed by sharp breakouts and bullish continuations. This year, a similar wedge formed in Q1. Bitcoin broke out in April, pushing above $105,000.
Moreover, the MACD indicator confirms momentum alignment. Each wedge breakout coincided with a bullish MACD crossover. The most recent crossover in April 2025 followed a prolonged bearish phase. Green histogram bars replaced red ones, confirming rising momentum. Additionally, the MACD lines diverged upward, supporting continued strength.
Source: Moustache
Consequently, Bitcoin remains positioned for another leg up. Price structure, volume, and momentum indicators all align with bullish continuation. While retail interest remains quiet, institutional moves and technical strength may drive the next phase of growth. Traders like AguilaTrades seem ready to capitalize.
