High-stakes crypto dealer James Wynn has taken his riskiest wager but – a $1.2 billion leveraged Bitcoin lengthy place on Hyperliquid. However, CrediBULL Crypto says James Wynn’s Hyperliquid BTC lengthy place runs a excessive threat of liquidation.
CrediBULL Crypto Is Pitching His Tent Against James Wynn
Pseudonymous cryptocurrency investor James Wynn has despatched the cryptoverse buzzing after opening a Hyperliquid BTC lengthy place. Per on-chain data, James Wynn’s new leveraged lengthy place is valued at $1.25 billion and includes 11,407 BTC.
The high-stakes investor has beforehand gone lengthy on Bitcoin earlier than taking partial income. James Wynn’s earlier $1.1 billion BTC long threatened to ship the HYPE token value to $100. Now, Wynn has reopened the place whereas elevating the stakes, however pundits are predicting a grim outlook for the dealer.
Wynn’s Hyperliquid BTC lengthy place is ready at $105K, and with Bitcoin value buying and selling at $108K, CrediBULL Crypto says Wynn might be fortunate to keep away from liquidation.
“A public, billion-dollar long position with liquidation less than 5% away NOT getting hunted is actually insane,” mentioned CrediBULL Crypto. “It would actually seriously amaze me if this guy gets away with it.”
However, James Wynn is rippling with optimism, noting that the Bitcoin value will attain $121K subsequent week, setting a brand new all-time excessive.
Crypto Expert Reveals Key Level For Hyperliquid BTC Long Position
In his X submit, CrediBULL Crypto notes that buyers have their eyes on the $107-$108K value level. He argues that costs should maintain the extent between $107K and $108K for Wynn’s $1.2B Hyperliquid BTC lengthy place to keep away from liquidation.
The crypto knowledgeable notes {that a} slip beneath $107K will ship costs beneath the $105K mark, successfully liquidating the lengthy place. On the opposite hand, CryptoBULL argues that if the worth holds between the important thing ranges, Bitcoin value will set a brand new all-time excessive.
“Bulls want 107-108K to hold for another crack at the highs, bears want us to lose this zone to trigger a move down to $105K and potentially trigger a larger liquidation flush.”
Bitcoin set a new ATH of $111,970 through the week, surpassing Amazon in market capitalization. However, buyers are bracing for a bout of corrections pushed by profit-taking by buyers.
On the macroeconomic stage, Trump’s 50% EU tariff announcement is fuelling hypothesis that the bull run is over. Yet, Bitcoin ETFs are recording spectacular inflows, fuelling James Wynn’s Hyperliquid BTC lengthy place for increased costs.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and rising applied sciences journalist with a knack for masking needle-moving tales within the area. Aliyu delivers breaking information tales, regulatory updates, and insightful evaluation with depth and precision. When he is not poring over charts or following leads, Aliyu enjoys taking part in the bass guitar, lifting weights and working marathons.
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