$BTC Whale Opens $300 Million Leveraged Position Amid Wynn Speculation


A mystery investor has opened a $300 million leveraged $BTC long position with 20x #leverage at $108,100.


The position shows over $4 million in unrealized profit and faces liquidation if $BTC drops below $105,780.


The trade sparked speculation about James Wynn, who lost $25 million in a recent liquidation.


Wynn announced trading under an anonymous account hours before this massive position appeared.


Blockchain data platform Onchain Lens suggests Wynn may be behind the leveraged long position.


Spot $BTC ETFs recorded $386 million in net inflows Monday, recovering from recent sell-offs.


Corporate treasury activity continues with Strategy upsizing its stock offering to $1 billion for purchases.

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June 11, 2025 at 12:11 AM
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