A mystery investor opened a $ 300 million leveraged position of Bitcoin, which had a single speculation around their identity.
The unknown whale, or large cryptocurrency holder, opened a 20x leveraged bitcoin (Btc) Long position worth more than $ 308 million in the entry price of $ 108,100, Hypurrscan Blockchain data shows.
The position currently shows an unstable income of more than $ 4 million and faces extermination if Bitcoin drops below $ 105,780.
The trade reigned speculation around James Wynn, a high-profile businessman recently Lost nearly $ 25 million In a separate extermination on June 5, as reported by the cointelegraph.
The long position opened time after Wynn announced that he would return under an anonymous account, without specifying the address of the purse.
“I returned to the casino under an ALT account so that Cabal Market manufacturers could not find me,” Wynn wrote on a June 10 x Post.
Blockchain data platform onchain lens Also Taught Out that Wynn may be behind $ 300 million leveraged long.
Related: ‘Apple should buy Bitcoin,’ says Saylor, such as sharing sharing shares
“They are chasing me,” Wynn claimed before $ 100 million destruction
After opening his second $ 100 million leveraged bitcoin Position, Wynn claimed that his degree of extermination was intentionally targeted by orchestra efforts from major market participants.
“They are coming for me,” Wynn wrote, revealing his previous level of extermination on a June 2 x x Post. “Don’t let these bad bastards,” he added.
Wynn din claimed That some of his personal accounts on cryptocurrency exchanges are “closed overnight” for no clear reason.
Related: Metaplanet becomes the 8 largest Bitcoin holder with $ 118m to buy
While the mysterious whale identity remains unclear, the $ 300 million stakes coincide with a modified “wave of institutional breakthrough” for Bitcoin, according to Nexo Dispatch editor Stella Zlatareva.
“Corporate Treasury activity continues to expand,” he told Cointelegraph, to refer to The $ 1 billion of approach The stock offers to fund its Bitcoin purchases, which has been seated from the previously announced $ 250 million.
Adding to the rising emotions of the investor, the funds exchanged by Bitcoin Exchange Investors Data displays.
Structural structures from ETFs and institutions can help Bitcoin exceeds $ 200,000 The “base case” before the end of 2025, the head of European Research, André Dramotch, told Cointelegraph.
https://www.youtube.com/watch?v=xtM8WI23MH0
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