Hyperliquid high-leverage trader James Wynn has taken long positions on Bitcoin (BTC) and Pepe Coin (PEPE). He has joined other whales this time to go long on Bitcoin as BTC price rallies to hit a new all-time high, on-chain data platforms reported on Wednesday.
James Wynn Long on Bitcoin After Recent Liquidation
James Wynn has reportedly created a new wallet six days ago, after claiming that other traders are targeting him, causing liquidations. “I’m back in the casino under an alt account so the cabal market makers can’t find me,” he said.
According to an X post by Lookonchain on June 11, James Wynn has continued making bets on Bitcoin and Pepe Coin, going 40x long on BTC and 10x long on Pepe Coin.
The new wallet address 0xbc47 linked to James Wynn currently has an unrealized profit exceeding $2 million. The latest transactions revealed he has closed long positions on kPEPE perpetuals worth $1 million.
James Wynn’s New Wallet. Source: Lookonchain on X
Whales Buying Bitcoin Heavily
According to Arkham data , a whale (bc1q57) withdrew 307.5 BTC worth nearly $33.79 million from crypto exchange Binance today. It now holds 2,307 BTC worth $252.86 million, with an unrealized profit of almost $79.05 million.
Moreover, another whale, 0x1f25, deposited 7.5 million USDC stablecoins to Hyperliquid to keep going long on Bitcoin, noted Lookonchain. The whale deposited another 2.35 million USDC, with unrealized profit exceeding $5.72 million.
At the time of writing, the Bitcoin price has been trading sideways in the last 24 hours, with the current price being $109,438. Investors are awaiting the US CPI inflation data release by the US Department of Labor Statistics at 6 PM UTC today.
On the other hand, the Pepe Coin price is up 1.50% in the last 24 hours and nearly 3% in a week, with the price currently trading at $0.00001280. Moreover, the trading volume has jumped 32% over the past 24 hours, indicating a rise in interest among traders.
