Unknown investor opens $300m leveraged Bitcoin positions, fuelling speculation about their identity.
Unknown Whale, or large cryptocurrency owner, has opened 20x leveraged Bitcoin.BTCLong position of over $308 Million at entry price $108,100 Hypurrscan blockchain data shows.
Bitcoin will be liquidated if it drops below $105,780.
This trade reignited speculation about James Wynn. Wynn is a prominent leverage trader, who was recently arrested. lost nearly $25 million Cointelegraph had previously reported on a separate sale of assets that took place in June.
This long position was created hours after Wynn revealed that he had returned to an anonymous wallet without specifying its address.
“I’m back in the casino under an alt account so the cabal market makers can’t find me,” Wynn, in an article dated June 10th wrote: post.
Onchain Lens is a platform that provides blockchain data. pointed Wynn is behind the $300 Million leveraged short.
Related: ‘Apple should buy Bitcoin,’ Saylor says, as share buyback disappoints
“They are hunting me,” Wynn’s claim before the $100 million liquidation
After opening his second $100 million leveraged Bitcoin Wynn said that major participants in the market are deliberately targeting his level of liquidation.
“They’re coming for me again,” Wynn revealed his prior liquidation levels in an X on June 2, post. “Don’t let these evil bastards liquidate me,” He added.
Wynn claimed Some of his accounts on crypto exchanges are personal. “closed overnight” For no obvious reasons
Related: Metaplanet becomes 8th largest Bitcoin holder with $118M buy
The mystery whale’s identity is still unknown, but the $300 million wager coincides with the renewal of a new bet. “wave of institutional breakthroughs” Stella Zlatareva, editor of Nexo Dispatches, says that Bitcoin is a good option.
“Corporate treasury activity continues to expand,” Cointelegraph cites her as saying Strategy’s $1 billion The stock offer to finance its Bitcoin purchases has increased in size from the $250 million previously announced.
Spot Bitcoin ETFs recorded $386 Million in net positive flows on Monday, 6th, after recovering from two days of selling, Farside Investors Data shows
Structured inflows by ETFs and Institutions may assist Bitcoin surpass the $200,000 “base case” before the end of 2025, Bitwise’s head of European research, André Dragosch, told Cointelegraph.
Magazine: Bitcoin $200K ‘obvious’ breakout, GameStop’s first BTC buy: Hodler’s Digest, May 25 – 31
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Source: cointelegraph.com
