CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

crypto.news 2025-05-25 15:30:00

James Wynn takes $5.3m loss, bets $1.2b on Bitcoin lifeline

Prominent cryptocurrency trader James Wynn has liquidated his long positions with Ethereum and Sui at a loss of approximately $5.3 million as market conditions reversed. The high-profile investor subsequently increased his Bitcoin ( BTC ) exposure, which currently stands at 11,070 BTC, worth roughly $1.19 billion. According to blockchain analytics platform Lookonchain, Wynn’s aggressive position sizing has resulted in unrealized losses exceeding $20 million, including funding costs. The massive Bitcoin position faces liquidation risk at $104,820. As the market dropped, top trader @JamesWynnReal closed his long positions on $ETH and $SUI , losing ~$5.3M. He then doubled down on $BTC longs, pushing his position to 11,070 $BTC ($1.19B) — now down over $20M including funding fees. His liquidation price is $104,820.… pic.twitter.com/HS2NyUtH2J — Lookonchain (@lookonchain) May 24, 2025 Major Bitcoin support zone identified at $107-108k Cryptocurrency analyst CrediBULL Crypto has highlighted a crucial support zone between $107,000-$108,000 that could decide the fate of Wynn’s billion-dollar position. The analyst emphasized that maintaining this price range is essential for preventing a liquidation that could pressure Bitcoin toward the $105,000 level. An update on everyone's favorite whale and my thoughts on LTF $BTC PA to go with it: After taking partial profits Mr. Wynn re-opened the position higher up and added on even more size. Position is now at 1.2B with a liq price of 105k. Taking a look at the $BTC chart: The… https://t.co/rJe2YGdQqA pic.twitter.com/AmRvh1gg8g — CrediBULL Crypto (@CredibleCrypto) May 24, 2025 “The green zone at 107-108k must hold for the 1.2B position to avoid liquidation,” the analyst noted. A successful defense of the $107,000-$108,000 range might allow another attempt at new all-time highs. However, the analyst mentioned that a breakdown could result in forced selling pressure. The trading activity is a major change in Wynn’s portfolio allocation following his recent success with Pepe (PEPE) trades. Earlier this week, the trader closed all his PEPE long positions for a total profit of $25.19 million. However, as the market reversed after Bitcoin hit a new all-time high, his Ethereum ( ETH ) and Sui ( SUI ) long positions couldn’t be sustained. Read more: Trump hosts memecoin dinner — ethics be damned; Polygon boss resigns; WLFI and Binance | Weekly Recap

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine