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    1. hughheffres on

      literally at the bottom of the article: **UPDATE:**

      More recent data from Lookonchain, though, shows that Wynn closed the entire $1.25 billion long position a few hours ago, which even caused a price slip for BTC on Hyperliquid.

    2. $1.25bn isn’t small. But, current cumulative open interest on BTC is around $75bn. It’s all fun and games longing at near ATH, until a bigger whale shows up..

      Also.. technically, he’s betting $31.25mm on it. You can’t lose more than that (assuming this is a perpetual).

      With so many economic news coming out this week: Tues (Durable goods), Wed (FOMC minutes), Thurs (GDP QoQ), Friday (PPI, Personal Spending, Personal Income), it might get pretty spicy this week. Buckle up!

    3. coinfeeds-bot on

      tldr; Bitcoin whale James Wynn placed a $1.25 billion long trade with 40x leverage, predicting Bitcoin would reach $121,000 within a week. His liquidation price was $105,180, just 3.5% below Bitcoin’s current value. Despite volatility and unrealized losses, Wynn remained bullish, but analysts questioned his strategy. Global market instability, including new U.S. tariffs, added to the uncertainty. Wynn eventually closed his position, incurring a $13.4 million loss, which caused a slight Bitcoin price dip on the Hyperliquid platform.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    4. These articles are useless.

      He just opened a 200+M short on BTC, and is still twapping more short positions.

    5. Techwaveninja on

      I certainly hope so! Much in the macro atm but hopefully Bitcoin and Crypto can decouple from that and provide value for us all…..hopium at least!😃💪🏽

    6. Just after a small head-and-shoulders within a larger head-and-shoulders, riiight. Keep dreaming.

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