The post Bitcoin Whale open $300M leveraged position: James Wynn alt? appeared on BitcoinEthereumNews.com.

A mystery investor has opened a $300 million leveraged Bitcoin position, fueling speculation around their identity. The unknown whale, or large cryptocurrency holder, opened a 20x leveraged Bitcoin (BTC) long position worth over $308 million at the entry price of $108,100, Hypurrscan blockchain data shows. The position currently shows an unrealized profit of more than $4 million and faces liquidation if Bitcoin drops below $105,780. The trade has reignited speculation around James Wynn, a high-profile leverage trader who recently lost nearly $25 million in a separate liquidation on June 5, as Cointelegraph previously reported. Source: Hypurrscan  The long position was opened hours after Wynn announced that he is back under an anonymous account, without specifying the wallet address. Source: James Wynn “I’m back in the casino under an alt account so the cabal market makers can’t find me,” wrote Wynn in a June 10 X post. Blockchain data platform Onchain Lens also pointed out that Wynn may be behind the $300 million leveraged long. Source: Onchain Lens Related: ‘Apple should buy Bitcoin,’ Saylor says, as share buyback disappoints “They are hunting me,” claimed Wynn before $100 million liquidation After opening his second $100 million leveraged Bitcoin position, Wynn claimed that his liquidation level is being deliberately targeted by orchestrated efforts from major market participants. “They’re coming for me again,” wrote Wynn, disclosing his previous liquidation level in a June 2 X post. “Don’t let these evil bastards liquidate me,” he added. Wynn also claimed that some of his personal accounts on cryptocurrency exchanges were “closed overnight” for no obvious reason. Related: Metaplanet becomes 8th largest Bitcoin holder with $118M buy While the identity of the mysterious whale remains unclear, the $300 million bet coincides with a renewed “wave of institutional breakthroughs” for Bitcoin, according to Nexo dispatch editor Stella Zlatareva.…

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Filed under: News - @ June 11, 2025 1:24 am