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.
*This is not investment advice.
Continue Reading: One of the Biggest Whales in the Market Said “Altcoin Season is Coming!”, Opened a 25x Long Position in This Altcoin After Earning $46 Million in Bitcoin!
