Bitcoin Whale Places $1.25 Billion Long-Term Bet on Hyperliquid

Crypto whale James Wynn draws attention again after significantly increasing his Bitcoin holdings. He placed a longing position worth $1.2 billion on Hyperliquid, a decentralized derivatives exchange.

This occurred right after he closed positions in Ethereum, Sui, and PEPE. This move indicates a strategic shift towards Bitcoin as the market grows.

Crypto Whale Leaves Altcoins to Place a $1.2 Billion Leveraged Bet on Bitcoin

On 24/05/2025, blockchain tracker Lookonchain revealed that Wynn opened a 40x leveraged position totaling 11,588 BTC, valued at approximately $1.25 billion. His liquidation level was set at $105,180.

This move follows a series of strong Bitcoin trades Wynn began earlier in the week. On 21/05/2025, he opened a longing position worth $830 million, from which he earned $400 million in profits on the same day.

Since then, he has reloaded his position to over $1 billion as Bitcoin's price increased over the past two days.

In the past week, Bitcoin's price jumped to a new All-Time-High of over $111,000—its highest level since January.

This price increase was driven by growing institutional interest and continuous inflows into spot ETF funds, creating new optimism in the crypto space.

Meanwhile, Wynn seems confident that this price surge could continue. He predicts BTC might rise to between $118,000 and $121,000 in the short term.

"[My prediction is Bitcoin will reach] $110,500 today. [It will trade in the range of] $118,000 – $121,000 next week," he said.

His confidence is based on his experience, as he is reportedly earned $46 million in two months by using leverage from 5x to 40x.

Moreover, he shared a screenshot on the social platform X showing that his latest Bitcoin longing bet increased by 13.4%. This means the position generated around $4.2 million in unrealized profits.

However, his performance also has some blemishes. Recently, he closed positions in Ethereum and Sui with a total loss of $5.3 million. However, he offset those losses with a $25.19 million profit from a trade involving PEPE.