A crypto whale by the name of James Wynn (@JamesWynnReal), took to X yesterday (May 19) to post a screenshot of an open Bitcoin trade he is in as the Bitcoin crypto price hits $105,000 once again.
The caption reads ‘All in a days work’ and shows the trader up $12.2 million in unrealized profits on a 40x perpetual futures BTC trade using the Hyperliquid DEX.
All in a days work pic.twitter.com/8JbywGN6oL
— James Wynn 🐳 (@JamesWynnReal) May 19, 2025
Position Value Of Whale Trade Over $500 Million
James Wynn’s Bitcoin long has taken social media by storm. He updates his community most days with his PNL. He seemingly opened the trade on May 16, putting $250 million into the Bitcoin trade at 40x leverage.
He has since added collateral to the trade. His most recent update shows his position value at $582 million and his profit at $12.2 million. Wynn has taken the trade on Hyperliquid, a new favourite trading platform for traders, especially whales.
Wynn’s trade entry price is $102,453, and his liquidation price is $98,156. Bitcoin is currently up 1.8% on the day, trading at $105,113, meaning Wynn’s position is comfortable right now.
With the near 2% increase for the Bitcoin crypto price overnight, its market cap has climbed back above $2 trillion for the first time since February 4. Per CoinGecko, a mere 3.4% move for Bitcoin from here will take it above its all time high of $108,786.
With many analysts calling for Bitcoin to make a fresh all-time high this week, James Wynn will likely be posting updated PNLs for some time yet.
Half A Billion Dollar Whale Gives His Bitcoin Crypto Price Trade Thesis
James Wynn isn’t just a degenerate gambler, going all in on Bitcoin with 40x leverage and no strategy. In an X post responding to his naysayers, the trader has explained the reasoning for his mammoth BTC play.
It is a deeply thought-out technical analysis for Bitcoin that validates the trade. Wynn acknowledges that, as with any trade, it is risky, albeit a calculated one.
His full trade breakdown can be seen below;
“People see the trades and think its some high level stupid gambling kinda shit, and yes it is. But it is backed by my own thesis. Which in turn, is a calculated risk.
Since local bottom of 74k bitcoin has remained in this channel. Touching the bottom acting as support just two times.
The 3rd yellow line drawn is the 3rd time it was going to touch it, these don’t usually break on the 3rd time. In-fact, each time they touch it it is like a hammer on glass causing it to shatter and eventually it will break – usually the 5+ time it gets really weak. So i was confident it would hold.
I predicted the breakout on Sunday which turned out to be a fakeout from market manipulators supressing price and driving down price to liquidate all of the people that FOMO’d in on longs.
I follow the liquidation heatmaps and it didn’t make much sense for them to drive price down any lower, they would have achieved what they wanted (liquidating longs) already by pushing down to $102.2k
There is also a HUGE psychological support at $100k now. I knew there would be fat limit orders in place at 99, 98, 97 etc. And I do not know if the big market movers would even have the power to drill price down as low as that, it seemed they was running out of steam.
When I saw this, I decided to really step on the gas with my position value. Bulls were starting to engulf candles on the hourly, and a lot of paper hands got shaken out.
We’re also bullish on the weekly MACD for the first time since Nov/Dec. So you telling me we’re really going to break down and break trend? I saw this just as short term noise/volatility before the huge bitcoin run up that is brewing.
I believe we will be trading at $118k by the end of next week. In for some more volatility in the meantime? Yes. But stay calm, dont fumble your bag, follow proper risk management and look forward to the new highs.”
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