In the shadowy corridors of the cryptocurrency realm, where fortunes are made and lost with the flick of a digital switch, there exists a figure of both admiration and ridicule: James Wynn. This prominent trader, a veritable gambler of the modern age, has recently found himself ensnared in a web of misfortune, liquidating his long positions in Ethereum and Sui, incurring a staggering loss of approximately $5.3 million. Ah, the irony! One moment a king, the next a jester, all due to the capricious whims of the market.
But lo! Our intrepid trader, undeterred by the cruel hand fate has dealt him, has decided to double down on his Bitcoin (BTC) exposure. Now, with a staggering 11,070 BTC, valued at roughly $1.19 billion, he stands at the precipice of both glory and despair. It is a classic Dostoevskian struggle, where the soul wrestles with the specter of ruin.
According to the oracle of blockchain analytics, Lookonchain, Wynn’s audacious maneuvers have led to unrealized losses exceeding $20 million, a sum that would make even the most hardened of souls shudder. The specter of liquidation looms ominously, threatening to strike at the fateful price of $104,820. Will he rise like a phoenix or fall like Icarus?
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.…
— Lookonchain (@lookonchain) May 24, 2025
Major Bitcoin support zone identified at $107-108k
In this grand theater of financial folly, cryptocurrency analyst CrediBULL Crypto has illuminated a crucial support zone between $107,000 and $108,000. This zone, dear reader, could very well determine the fate of Wynn’s billion-dollar position. The stakes are high, and the tension palpable, as the analyst warns that maintaining this price range is essential to stave off a liquidation that could send Bitcoin tumbling toward the abyss of $105,000.
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…
— 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, with a tone that dripped with both hope and despair. A successful defense of this range might allow for another attempt at new all-time highs, a tantalizing prospect indeed! Yet, should the market falter, the specter of forced selling pressure could rear its ugly head, a grim reminder of the volatility that defines this digital frontier.
In a twist of fate, this trading activity marks a significant shift in Wynn’s portfolio allocation, following his recent triumphs with Pepe (PEPE) trades. Earlier this week, he closed all his PEPE long positions, basking in a total profit of $25.19 million. Yet, as the market reversed after Bitcoin reached a new all-time high, his Ethereum (ETH) and Sui (SUI) long positions crumbled like a house of cards. Ah, the fickle nature of fortune!
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2025-05-25 18:35