James Wynn Reduces BTC Position Amid Bitcoin Surge
James Wynn, one of the well-known whales of the crypto market, which has been on the rise following new records in Bitcoin, said that he has started to reduce his BTC position.
Wynn recently claimed to have earned $46 million from his Bitcoin positions to date.
Hyperliquid whale James Wynn, who shared the latest status of his profile from the X account, said that he started making profits in the range of $110,000-111,000 in Bitcoin.
Wynn said that despite the small pullback, Bitcoin will continue to rise and that he expects Bitcoin to reach $115,000-118,000 very soon.
Stating that Bitcoin will probably rise to $122,000, Wynn stated that he expects a period of consolidation after this peak and believes that this will pave the way for the next altcoin season.
“I reduced the position size today, making a profit of around $110,000 – $111,000. In my opinion, Bitcoin is itching to go higher. My goal remains the same at 115-118k by next weekend. However, it could easily happen in just a few hours. I think Bitcoin will reach 118k-122k and we will see a cooling and sideways movement, then things will get really interesting and alt season will come.”
He Said Altcoin Season Is Coming: Ethereum After Bitcoin!
Known for his high-risk transactions, big whale James Wynn opened a long position in Ethereum after Bitcoin.
According to Lookonchain’s post, James Wynn recently made a bold move on Ethereum, opening a 25x leveraged long position worth $60.4 million at an entry price of $2,666.31.
“Top trader James Wynn opened a long position on Ethereum with 25x leverage. His position reached 22,548 ETH ($60.4 million). Entry price: $2,666.31 / Unrealized profit: $270K”
In addition to Bitcoin and Ethereum, Wynn has a $26.77 million long position in memecoin kPEPE with 10x leverage. That position remains active and in profit. However, not all of Wynn’s trades are in the green.
A 10x leveraged long position on SUI is currently in the red. The entry price on the SUI position was $3.97064 and it is currently at a loss of $497k.
Top trader @JamesWynnReal started long $ETH with 25x leverage, with the position reaching 22,548 $ETH ($60.4M). Entry price: $2,666.31 Unrealized profit: $270K https://t.co/FX6sISVWOh — Lookonchain (@lookonchain) May 23, 2025
*This is not investment advice.