A mysterious investor has opened a levered Bitcoin position of 300 million US dollars and speculates its identity.
The unknown whale or the massive cryptocurrency holder opened a length of 20 -fold Bitcoin (BTC) price over 308 million US dollars at first price of 108,100 US dollars, as Hypurrscan -Blockchain data show.
The position is currently showing a profit of greater than 4 million US dollars and faces liquidation when Bitcoin drops below 105,780 US dollars.
Trading has speculated about James Wynn, a top-class lever dealer who recently lost a separate liquidation of just about $ 25 million on June 5, as CoinTelegraph once more.
Source: Hypurrscan
The long position was opened hours after Wynn announced that he was back under an anonymous account without specifying the item of the item.
“I’m back within the casino under an old account in order that the makers of the cabal market cannot find me,” wrote Wynn in a post on June tenth.
The Blockchain data platform Onchain Lens also identified that Wynn could possibly be behind the 300 million US dollar Leveraged Long.
“They chase me,” said Wynn before a liquidation of $ 100 million
After Wynn opened his second leverage of $ 100 million Bitcoin, he claimed that his liquidation level was deliberately targeted by orchestrated efforts by large market participants.
“They come back for me,” wrote Wynn and announced his previous liquidation level in a post dated June 2. “Don't let these evil bastards liquidate,” he added.
Wynn also claimed that a few of his personal reports on cryptocurrency exchanges were closed for no obvious reason.
The identity of the mysterious whale stays unclear, but in keeping with Stella Zlatareva Stella Zlatareva, editor of Nexo Dispatch, the 300 million dollar bets with a brand new “wave institutional breakthrough” for Bitcoin.
“The treasury activity of corporations is being expanded,” she told cointelegraph, referring the shares of 1 billion US dollars that finance its Bitcoin purchases, which has been enlarged from the previously announced $ 250 million.
In the increasing investment mood, Spot Bitcoin Exchange Traded Funds on Monday, June ninth, recorded net-positive tributaries price $ 386 million and recovered from a two-day sale, as Farside investors data show.
Bitcoin may also help to surpass the “basic case” of 200,000 US dollars before the top of 2025, André Dragosch, head of European research, told CoinTelegraph before 2025.
