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
