On May 23, the whale James Wynn announced on social media this morning that he has reduced his Bitcoin long position and took partial profits around $110,000-$111,000.
This position seems to be a good profit point, and it appears others are doing the same. In his view, Bitcoin urgently wants to break through upward. The target remains unchanged - seeing $115,000-$118,000 before the end of next week, though it might even be achieved within a few hours (already reached in the early morning).
He believes that once Bitcoin tops out around $118,000-$122,000, there will temporarily be a cooling period and sideways consolidation, and the truly interesting time will come afterwards.
