Wynn $19.5M BTC 40x Long & $102K PEPE 10x Bet
Crypto trader James Wynn don enter di market again wit $19.5M BTC 40x leverage long position wey e open for $117,000 per coin, but e fit get liquidation if e drop below $115,750. E don pay up $1.4M for funding fees and e dey hold about $78,000 unrealised profit. Wynn also put $102,000 10x leveraged long for meme token PEPE wey price na $0.01201, show say e get more confidence for both Bitcoin and altcoin rally dem. Dis one come after two $100M BTC 50x longs wey dem liquidate for May and June, wey Wynn talk say na market makers coordinate price hunt. Meanwhile, trader Qwatio open $2.3M 40x BTC short, wey show mixed feeling. High BTC leverage trading still dey carry big wahala like high volatility and liquidation risk, show say make people dey careful and manage their risk well for dis current bullish market.
Bullish
James Wynn reentry wit $19.5M BTC 40x long plus positive unrealised profit show sey e get renewed confidence for Bitcoin short-term upside, e dey reflect bullish BTC leverage trading sentiment. Him additional PEPE 10x bet mean sey altcoin optimism dey. Even though Qwatio $2.3M BTC 40x short bring counter pressure, the main flow of big leveraged longs fit support upward BTC price movement. Traders suppose still make ready for plenty volatility and possible liquidations for highly leveraged market.