Crypto Whale Bets $830M on Bitcoin with 40x Leverage

Crypto Whale Bets $830M on Bitcoin with 40x Leverage
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A crypto whale, James Wynn, has made headlines with an $830 million leveraged long position on Bitcoin via Hyperliquid. This bold move contrasts with broader market sentiment, where other whales are taking short positions.

  • James Wynn opened a 40x leveraged $830M long position on Bitcoin via Hyperliquid, one of the largest ever on the platform.
  • Despite partial profit-taking, Wynn remains bullish, re-entering the trade as Bitcoin's price neared his entry level.
  • The move contrasts with other whales shorting BTC, while broader market optimism is driven by ETF inflows and rising institutional adoption.
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