Crypto Whale James Wynn Profits 12.2 Million on Bitcoin Long Position

A prominent crypto whale, identified as James Wynn, has continued to add to his substantial Bitcoin (BTC) position, leveraging 40x on the Hyperliquid decentralized exchange (DEX). This move has resulted in an unrealized profit exceeding $1 million. Wynn initially opened the trade on May 16, 2025, with an investment of $250 million, and has since increased his collateral. His most recent update indicates a position value of $582 million and a profit of $12.2 million. The trader's entry price for the Bitcoin long position was $102,453, with a liquidation price set at $98,156. As of the latest update, Bitcoin's price has risen to $105,113, ensuring Wynn's position remains secure.

Wynn's strategy is not merely speculative but is backed by a detailed technical analysis. He has shared his rationale, explaining that Bitcoin has been trading within a specific channel since its local bottom at $74,000. Wynn's analysis suggests that the cryptocurrency is likely to break through resistance levels, supported by psychological and technical indicators. He predicts that Bitcoin could reach $118,000 by the end of the following week, acknowledging potential short-term volatility but remaining optimistic about the long-term trend.

The whale's confidence in Bitcoin's upward trajectory is further supported by the cryptocurrency's recent performance. With a near 2% increase overnight, Bitcoin's market capitalization has surpassed $2 trillion for the first time since February 4, 2025. This resurgence has fueled optimism among analysts, many of whom anticipate Bitcoin reaching new all-time highs in the near future. Wynn's substantial position and strategic additions to his collateral reflect his bullish outlook and confidence in Bitcoin's potential for significant gains.