A Whale Just Bet Big on Bitcoin After Its New ATH! Hyperliquid Data Shows
2025-05-25
James Wynn, a well-known crypto whale, placed a leveraged long bet worth $1.25 billion on Bitcoin through Hyperliquid, a decentralized derivatives exchange. His massive position has raised questions, speculation, and excitement across the community.
Wynn’s bet comes at a time when Bitcoin has surged past $111,000, breaking its previous record and gaining momentum from increased institutional investment and inflows into spot ETFs. This latest move adds weight to the belief that Bitcoin’s current rally may not be over just yet.
A Strategic Shift Away from Altcoins
According to blockchain analytics firm Lookonchain, Wynn placed the $1.25 billion bet on May 24 through a 40x leveraged position totaling 11,588 BTC. His liquidation price is set at $105,180, which means if Bitcoin falls below that level, his entire position could be wiped out.
This move marks a clear change in strategy. Just days earlier, Wynn exited his holdings in Ethereum, Sui, and PEPE.
Those positions reportedly resulted in mixed outcomes: a $5.3 million loss from Ethereum and Sui trades, but a $25.19 million gain from PEPE. After closing those altcoin trades, Wynn redirected his focus, and capital, solely to Bitcoin.
The size and timing of his new position reflect a calculated decision. It is not the first time he has taken such a risk. Earlier in the week, on May 21, he opened a smaller $830 million long position and exited the same day with a $400 million profit.
Encouraged by that success and the ongoing momentum in Bitcoin’s price, Wynn re-entered the market with even more conviction.
Betting on Bitcoin’s Climb Beyond $120,000
Wynn is not only betting on Bitcoin's current strength, but also predicting more growth ahead. On the social platform X, he shared a screen capture of his position showing a 13.4% gain, equivalent to approximately $4.2 million in unrealized profits at the time of posting.
He also shared his near-term outlook, forecasting that Bitcoin could reach $110,500 within the day, and possibly rise to a range between $118,000 and $121,000 next week.
His prediction aligns with the broader optimism in the crypto space, fueled by growing interest from institutional investors and mainstream financial institutions.
Read more about Bitcoin (BTC):
Bitcoin Price (BTC), Market Cap, Price Today & Chart History
BTC to USD: Convert Bitcoin to US Dollar
Understanding the Hyperliquid Platform
Wynn placed his trade on Hyperliquid, a decentralized derivatives exchange that allows users to take leveraged positions without relying on centralized custodians. The platform has gained popularity among advanced traders due to its transparency and real-time data tracking.
Wynn’s use of Hyperliquid reinforces its rising reputation as a go-to venue for large-volume crypto positions.
The visibility of his trade also demonstrates the growing role of on-chain transparency in influencing sentiment. Crypto traders and analysts can track such large positions and adjust their own strategies accordingly, turning whales like Wynn into key figures in the ongoing narrative around Bitcoin price movements.
A High-Risk, High-Reward Approach
Despite Wynn’s recent success and strong conviction, it is important to note the high level of risk involved. A 40x leveraged position magnifies both gains and losses. Should Bitcoin fall even modestly from its current price, Wynn could see significant losses or even a full liquidation.
His trading history reflects this volatility. While he has made multi-million-dollar profits through leveraged Bitcoin bets, he has also taken notable losses in other assets.
The risk management strategy behind such aggressive moves is not clear to the public, making it hard to determine how sustainable this approach is in the long run.
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Frequently Asked Questions (FAQ)
Q: How much will 1 Bitcoin be worth in 2030?
A: Fidelity predicts Bitcoin could reach $1 million per coin by 2030.
Q: Does Elon Musk own Bitcoin?
A: Elon Musk owns only a very small amount of Bitcoin.
Q: Can Bitcoin go to zero?
A: It's very unlikely for Bitcoin's price to go to zero. For that to happen, Bitcoin would have to lose all its value and properties, and no one would see any worth in it.
Q: Can I invest in Bitcoin with $100?
A: Yes, investing $100 in Bitcoin is a great way to start getting involved in digital currencies, though it's important to understand the pros and cons.
Q: How many bitcoins exist?
A: There are approximately 19,867,687.5 Bitcoins in existence right now.
Q: Who owns 1 million bitcoin?
A: Satoshi Nakamoto, the creator of Bitcoin, is believed to own the most Bitcoin, with an estimated 968,452 BTC.
Disclaimer: The content of this article does not constitute financial or investment advice.
