A mysterious investor has opened a $300 million leveraged long position on Bitcoin, sparking speculation about their identity. The position uses 20x leverage, with an entry price of $108,100, currently showing unrealized profits exceeding $4 million. If Bitcoin's price falls below $105,780, the position faces liquidation. This trade occurred shortly after well-known leverage trader James Wynn's second $100 million leveraged position was liquidated. Wynn stated on social media that he re-entered the market using an anonymous account and claimed his liquidation price was targeted by market makers. Although the identity of the mysterious whale remains unknown, this $300 million position aligns with increased institutional investment activity in Bitcoin. Inflows from institutions and ETFs could drive Bitcoin's price to surpass $200,000 by the end of 2025.

NEXO

A mystery investor has opened a $300 million leveraged Bitcoin position, fueling speculation around their identity. The unknown whale, or large cryptocurrency holder, opened a 20x leveraged Bitcoin ( BTC ) long position worth over $308 million at the entry price of $108,100, Hypurrscan blockchain data shows. The position currently shows an unrealized profit of more than $4 million and faces liquidation if Bitcoin drops below $105,780. The trade has reignited speculation around James Wynn, a high-profile leverage trader who recently lost nearly $25 million in a separate liquidation on June 5, as Cointelegraph previously reported. The long position was opened hours after Wynn announced that he is back under an anonymous account, without specifying the wallet address. “I’m back in the casino under an alt account so the cabal market makers can’t find me,” wrote Wynn in a June 10 X post . Blockchain data platform Onchain Lens also pointed out that Wynn may be behind the $300 million leveraged long. Related: ‘Apple should buy Bitcoin,’ Saylor says, as share buyback disappoints After opening his second $100 million leveraged Bitcoin position, Wynn claimed that his liquidation level is being deliberately targeted by orchestrated efforts from major market participants. “They’re coming for me again,” wrote Wynn, disclosing his previous liquidation level in a June 2 X post . “Don’t let these evil bastards liquidate me,” he added. Wynn also claimed that some of his personal accounts on cryptocurrency exchanges were “closed overnight” for no obvious reason. Related: Metaplanet becomes 8th largest Bitcoin holder with $118M buy While the identity of the mysterious whale remains unclear, the $300 million bet coincides with a renewed “wave of institutional breakthroughs” for Bitcoin, according to Nexo dispatch editor Stella Zlatareva. “Corporate treasury activity continues to expand,” she told Cointelegraph, referencing Strategy’s $1 billion stock offering to fund its Bitcoin purchases, which was upsized from the previously announced $250 million. Adding to the rising investor sentiment, spot Bitcoin exchange-traded funds recorded $386 million worth of net positive inflows on Monday, June 9, recovering from a two-day sell-off, Farside Investors data shows. The structural inflows from ETFs and institutions may help Bitcoin surpass the $200,000 “base case” before the end of 2025, Bitwise’s head of European research, André Dragosch, told Cointelegraph. Magazine: Bitcoin $200K ‘obvious’ breakout, GameStop’s first BTC buy: Hodler’s Digest, May 25 – 31 

A mysterious whale has opened a $300 million leveraged long position in Bitcoin, suspected to be the anonymous account of James Wynn.

A mysterious whale has opened a $300 million leveraged long position in Bitcoin, suspected to be the anonymous account of James Wynn.