Merchant becomes bassist with bitcoin and closes its long position per USD $ 1.2 billion
By Hannah Pérez
As Bitcoin fell below the USD $ 108,000 on Saturday, merchant James Wynn changed his massive long position of Bitcoin for a short.
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- Known merchant becomes bassist when Bitcoin goes back in price.
- James Wynn, known for her risky leverage operations, closed a huge long position in Bitcoin.
- He had opted USD $ 1.2 billion to the price would rise, but then turned back.
- Bitcoin fell almost 4% since its historical maximum last week.
- Wynn has now opened a short position in Bitcoin.
A platform merchant Hyperliquid has changed its long position of Bitcoin by a short as the weekend losses have extended, dragging the price of Bitcoin Towards USD $ 107,000.
James Wynn, a high -risk merchant who usually does strongly leverage operations, closed his long positions of Bitcoin worth more than one billion dollars on Saturday night (ET) in the middle of a prices
Bitcoin (BTC) almost 4% has been corrected over the weekend since broke a new price close to USD $ 12,000 on Thursday. The action became bassist on Friday, immediately after Donald Trump’s threats to implement new tariffs on the European Union and Apple sent signals of renewed commercial tensions.
In the midst of the impulse, Wynn decided Bitcoin. The position of 11,588 BTC had an average price of USD $ 108,243 and A liquidation level of USD $ 105,180. He opened it later after closing a Pepe position with $ 25.2 million earnings.
However, before the reversals of the weekend, Wynn changed course, closing its position by registering a massive loss of USD $ 13.4 million, according to the analyst Lookonchainwho had been following the operations of the merchant.
Top Trader @Jameswynnreal CLOSED ALL 11,588 $ BTC($ 1.25b) Long Positions an Hour Aphra, the $ 13.4m.
The Price of $ BTC On Hyperliquid Dropped by 1.3%.https: //t.co/iutpcuzosbhttps: //t.co/xc9qci5 pic.twitter.com/gcaqxPPC2A
– Lookonchain (@lookonchain) May 25, 2025
Merchant becomes bassist when Bitcoin slides
The closure of the mass position caused the price of Bitcoin 1.3% fell into Hyperliquidadded that report.
The largest cryptocurrency in the world It sank below USD $ 107,000 In the early hours of Sunday, according to data from Coinmarketcap. The minimum was only $ 1,566 higher than the level of liquidation of Wynn’s long position.
After closing the recent length, Wynn opened short positions, which means that he has now turned bassist with Bitcoin.
Its current short position is USD $ 112 million, with a liquidation price of USD $ 149,100 for Bitcoin. That is, your position will be automatically closed by the SI platform Bitcoin suddenly misleads that level, a price movement that seems highly unlikely in the short term, –At least at this time.
It should be noted that when talking about short and lengths it refers to investment or trading strategies, in this case, in the cryptocurrency market. A long position implies buying an asset with the expectation that its price uploads to sell it more expensive and obtain a gain. It is an upward bet. While going short consists of selling an asset –frequently with loan or leverage– With the intention of buying it cheaper later, if the price drops, and thus obtain a gain. It is a bearish bet.
The data of Coinglass show that Bitcoin He has faced a low amount of long liquidations for USD $ 26 million in the last 24 hours, while USD $ 5.8 million short positions. The broader cryptocurrency market has seen USD $ 175 million in long and USD $ 35 million in short.
Bitcoin Change hands around $ 107,500 when publishing this article, 1.19% lower in 24 hours.
Hannah Estefanía Pérez / Diariobitcoin
Image generated with artificial intelligence, under a free use license
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