{"id":820,"date":"2025-05-25T15:34:58","date_gmt":"2025-05-25T15:34:58","guid":{"rendered":"https:\/\/bitunikey.com\/news\/james-wynn-takes-5-3m-loss-bets-1-2b-on-bitcoin-lifeline\/"},"modified":"2025-05-25T15:34:58","modified_gmt":"2025-05-25T15:34:58","slug":"james-wynn-takes-5-3m-loss-bets-1-2b-on-bitcoin-lifeline","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/james-wynn-takes-5-3m-loss-bets-1-2b-on-bitcoin-lifeline\/","title":{"rendered":"James Wynn takes $5.3m loss, bets $1.2b on Bitcoin lifeline"},"content":{"rendered":"

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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.<\/p>\n

The high-profile investor subsequently increased his Bitcoin (BTC) exposure, which currently stands at 11,070 BTC, worth roughly $1.19 billion.<\/p>\n

According to blockchain analytics platform Lookonchain, Wynn\u2019s aggressive position sizing has resulted in unrealized losses exceeding $20 million, including funding costs. The massive Bitcoin position faces liquidation risk at $104,820.<\/p>\n

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As the market dropped, top trader @JamesWynnReal<\/a> closed his long positions on $ETH<\/a> and $SUI<\/a>, losing ~$5.3M.<\/p>\n

He then doubled down on $BTC<\/a> longs, pushing his position to 11,070 $BTC<\/a>($1.19B) \u2014 now down over $20M including funding fees.<\/p>\n

His liquidation price is $104,820.\u2026 pic.twitter.com\/HS2NyUtH2J<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) May 24, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Major Bitcoin support zone identified at $107-108k<\/h3>\n

Cryptocurrency analyst CrediBULL Crypto has highlighted a crucial support zone between $107,000-$108,000 that could decide the fate of Wynn\u2019s billion-dollar position. <\/p>\n

The analyst emphasized that maintaining this price range is essential for preventing a liquidation that could pressure Bitcoin toward the $105,000 level.<\/p>\n

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An update on everyone’s favorite whale and my thoughts on LTF $BTC<\/a> PA to go with it:<\/p>\n

After taking partial profits Mr. Wynn re-opened the position higher up and added on even more size.<\/p>\n

Position is now at 1.2B with a liq price of 105k.<\/p>\n

Taking a look at the $BTC<\/a> chart:<\/p>\n

The\u2026 https:\/\/t.co\/rJe2YGdQqA<\/a> pic.twitter.com\/AmRvh1gg8g<\/a><\/p>\n

\u2014 CrediBULL Crypto (@CredibleCrypto) May 24, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

\u201cThe green zone at 107-108k must hold for the 1.2B position to avoid liquidation,\u201d 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.<\/p>\n

The trading activity is a major change in Wynn\u2019s 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.<\/p>\n

However, as the market reversed after Bitcoin hit a new all-time high, his Ethereum (ETH) and Sui (SUI) long positions couldn\u2019t be sustained.<\/p>\n

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