- Bitcoin whale James Wynn’s $830M leveraged long trade signals strong bullish conviction on BTC.
- Diverging whale strategies highlight growing market volatility and sentiment split.
- Record ETF inflows and 99% profitable holders support Bitcoin’s bullish momentum.
Bitcoin whale James Wynn caught the attention of crypto markets today, May 21, by initiating one of the largest leveraged long positions ever seen on a decentralized exchange.
Wynn opened a 40x leveraged long trade worth $830 million on the platform Hyperliquid. He entered the market at a price of $105,033 per BTC. However, within just 90 minutes, Wynn trimmed nearly half his position. He reduced his exposure to $430 million, a move that sparked speculation about profit-taking and strategic repositioning by the whale. Information about this trade was also highlighted by sources like EmberCN on X.
Whale James Wynn’s $830M Bitcoin Long: Big Bet, Quick Trim, Still Bullish
Wynn’s initial position involved a massive 7,764 BTC, backed by that heavy leverage and significant capital. Shortly after opening the trade, he offloaded 3,688 BTC, worth approximately $400 million. This cut his exposure down to 4,076 BTC, still maintaining substantial leverage and a liquidation price of $93,353.
Related: Bitcoin Breaks $107,000 — Examining What That Means for Altcoins
Despite the reduction, Wynn remains firmly bullish. When Bitcoin’s price once again approached his original entry level again, he began adding to his position. This suggests a high level of confidence in the asset’s near-term upside. Moreover, his aggressive strategy stands out against a broader market that currently leans bearish, with several major traders betting on downside movements.
Market Sentiment Divides: Qwatio Shorts $88M BTC as Wynn Goes Long
While Wynn bets big on Bitcoin’s rise, other large players are moving in the opposite direction. One notable trader, Qwatio, recently shorted 826 BTC at $107,192 using 40x leverage.
This short position, valued at $88 million, reflects growing caution among some institutional traders. Such a sharp divergence in sentiment points to heightened volatility and the potential for rapid market swings for Bitcoin.
Meanwhile, Bitcoin continues to flirt with new all-time highs, reaching $107,000 its highest price since January. This breakout above long-standing resistance is drawing fresh attention from retail and institutional investors alike.
Bitcoin ETF Inflows Top $7B Since April; 99% of Holders in Profit
Adding to the bullish case for Bitcoin, record inflows into the U.S.-based spot Bitcoin ETFs have also strengthened the upward momentum. Since April, over $7 billion in net inflows have poured into these products. This surge indicates rising confidence in Bitcoin as a mainstream investment.
Related: Bitcoin Rises Toward Previous Highs as Market Buy Volume Shows Steady Growth
According to blockchain analytics from Sentora, nearly 99% of Bitcoin holders are now in profit. This statistic reinforces the strong foundation supporting Bitcoin’s current price level.
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Source: https://coinedition.com/bitcoin-whale-james-wynn-830m-long-hyperliquid-etf-inflows/