According to KookCapitalLLC, a significant Bitcoin price surge of 8% was observed after a major whale wallet accumulated over 10,000 BTC within a short period, as shown in the attached screenshot and blockchain data (source: KookCapitalLLC on Twitter, May 18, 2025). This move triggered a cascade of liquidations on short positions across major exchanges, with open interest increasing rapidly on Binance and Bybit (source: Coinalyze). Traders should note the spike in volatility and increased buying pressure, which may indicate further bullish momentum in the short term. The market reaction also led to a wider altcoin rally, with Ethereum and Solana registering 5% and 6% gains respectively (source: CoinGecko).