💵 James Wynn Closes His $1.2B Long Today, he closed that s | TopCryptoNews on Binance Square

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💵 James Wynn Closes His $1.2B Long
Today, he closed that same $1.2B long on Bitcoin. Wynn earned $40.5M from this position and brought 10B in volume to the Hyperliquid exchange.

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📊 Bitcoin Short Positions Increase as Market Sentiment Shifts to Fear Bitcoin recently broke above the $111,000 mark, setting a new all-time high. However, data across major exchanges suggests that traders are growing increasingly wary of a sustained rally. Bitcoin positions are currently short, meaning a majority of traders are betting on a price drop. By contrast, just 47.43% of active positions are long. 🔸 Most Traders Turn Bearish Despite Bitcoin’s Recent All-Time High The pattern is mirrored on Binance, where short trades make up 54.05% of open interest, compared to 45.95% for longs. This growing tilt toward shorts reflects mounting skepticism in the market, despite Bitcoin reaching new highs. The sentiment shift is reinforced by the latest move from prominent crypto whale James Wynn, who reversed his bullish stance after a multi-million dollar loss. Wynn had previously maintained an aggressively leveraged 40x long position worth around $1.25 billion but exited after Bitcoin’s price dipped from $109,000 to roughly $107,107. The trader closed his long exposure at a loss of $13.39 million, with liquidation unfolding in under an hour on May 25. He has since opened a short position of 3,523 BTC—valued at approximately $377 million—at an entry price of $107,128. The new trade carries a liquidation threshold near $118,380. Market analysts have suggested that Wynn’s pivot reflects broader signs of exhaustion in the current bull cycle. According to blockchain analytics firm Alhpractal, short-term holders (STHs) have begun distributing coins. Historically, a decline in STH supply often signals that Bitcoin is approaching a local top. The firm noted that the Short-Term Holder Realized Price currently stands at $94,500, which is the last strong support before losses set in. In contrast, long-term holders (LTHs) remain firm, with their realized price climbing to $33,000—highlighting a widening behavioral gap. Alphractal stated that while Bitcoin previously hit record highs under similar conditions in 2021. #BTC #Bitcoin

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🟣 Celestia’s 3-Month Downtrend Continues as $TIA Falls 10% Again – What’s Next? Celestia (TIA) has struggled to break out of a three-month-long persistent downtrend, with several unsuccessful attempts to sustain gains above key resistance levels. This suggests a market lacking strong conviction, with investors hesitant to push the altcoin into a clear upward trajectory. 🔸 Celestia Finds Support From Investors The Chaikin Money Flow (CMF) indicator has shown a modest increase recently but remains just below zero. This implies that while capital inflows are present, overall investor confidence is tentative. Buyers seem to be attracted by TIA’s relatively low price, yet the momentum isn’t strong enough to decisively break the downtrend. The CMF’s failure to climb above zero signals lingering caution and suggests that traders are only cautiously entering positions. This tentative interest may result in heightened volatility unless broader market support emerges. The Relative Strength Index (RSI) spiked briefly into bullish territory but has since retreated below the neutral 50 level. This pattern points to fragile bullish momentum, likely hampered by selling pressure or external market uncertainties. The drop below 50 reinforces the notion that TIA’s price recovery is precarious. Without renewed buying strength, it faces difficulty overcoming resistance and may continue to languish in subdued trading ranges. 🔸 TIA Price Aims To Jump Currently trading around $2.54, TIA is testing a critical support level at $2.53. This level is pivotal for stabilizing price action and preventing further losses, especially after failing to surpass the $3.00 resistance during its prolonged downtrend. A significant upward breakout appears unlikely for now. However, if support at $2.53 holds, TIA might consolidate, potentially building momentum to retest the $3.00 resistance after breaching $2.73. Conversely, a decisive break below $2.53 could intensify bearish pressure, pushing the price down toward $2.27. #TIA #Celestia

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🔵 Injective and T-Mobile Are Building an On-Chain Future of Finance In its latest announcement, Injective stated that they have been working alongside T-Mobile to build a fully on-chain financial future. What does that mean? Not just technical integration, but cross-industry collaboration to create a financial system without time limits and without traditional intermediaries. 💬 We at Injective are beyond excited to be working alongside our partner T-Mobile to power an entirely onchain future of finance.— Injective 🥷 🔸 Injective Taps Deeper Into Institutional Networks Interestingly, this collaboration did not start from zero. T-Mobile, through Deutsche Telekom MMS, has previously been involved in the Injective network as a validator. This collaboration is said to involve infrastructure support, participation in on-chain governance, and support for the decentralized finance (DeFi) ecosystem built by #İNJ . On the other hand, the presence of a player like T-Mobile is not Injective’s only breakthrough this year. As we previously reported, Republic Crypto has also officially launched a validator on this network, joining Google Cloud which has previously collaborated. If you look closer, Injective seems to be building a DeFi ecosystem that is not only technologically strong, but also has strong roots in the institutional world. 🔸 From 24/7 Stock Access to One-Click DeFi Returns However, the partnership with T-Mobile is only one part of the bigger picture. In early May 2025, #Injective introduced a new feature on their iAssets platform: tokenization of Meta Inc. shares. With this, anyone can buy or trade META at any time, as if it were a regular digital good, without having to wait for exchange hours. Other stocks such as Google (GOOGL), Tesla (TSLA), Nvidia (NVDA), and MicroStrategy (MSTR) are also available in token form. Furthermore, the annual trading volume on iAssets has exceeded $2 billion as of May 19. In fact, in the past month alone, it has jumped 56%, complete with a new record in daily transactions.

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⚡️ $SHIB Slides 5% but Finds Support as Loyal Holders Hold Their Ground Shiba Inu (#SHIB ) has stabilized following significant price volatility, establishing a consolidation pattern between $0.00001440 and $0.00001456. The meme token faced intense selling pressure with volume reaching 1.72 trillion during peak decline, but multiple tests of support at $0.00001440 showed strong buyer interest. Despite short-term fluctuations, blockchain data reveals remarkable holder loyalty, with over 1.13 million addresses maintaining their positions for more than a year, signaling confidence in SHIB's long-term prospects. The Shiba Inu ecosystem continues development with a significant Shibarium blockchain update focused on improving decentralization. This aligns with the team's strategy to enhance utility beyond meme status. 🔸 Technical Analysis Highlights SHIB experienced a notable 5.4% price decline over the 24-hour period, with the overall range spanning from a high of 0.00001507 to a low of 0.00001424, representing a volatility range of 0.00000083 (5.5%). The token found strong volume-supported resistance at the 0.0000146 level during the 23:00 hour when selling pressure intensified with volume reaching 1.72 trillion, significantly above the 24-hour average. After the sharp decline, SHIB established a consolidation pattern between 0.00001440 and 0.00001456, with multiple tests of support at 0.00001440 showing buyer interest, suggesting potential stabilization before the next directional move. In the past hour, SHIB experienced significant downward pressure, dropping from 0.00001448 to 0.00001440, representing a 0.56% decline. The token faced intense selling between 13:54-13:57, with volume spiking to 16.45 trillion at 13:57, creating a local bottom at 0.00001430. A brief recovery attempt occurred at 14:01 when price rebounded to 0.00001441, forming a potential support zone between 0.00001439-0.00001440, though momentum remains bearish as evidenced by the inability to reclaim the 0.00001445 resistance level.

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📊 Traders Bet on $HBAR Price to Rise as Hedera Struggles to Hold $0.20 HBAR has experienced a steady uptrend recently, with the price rising significantly. However, the altcoin now finds itself struggling to secure the key psychological support at $0.20. While traders are hopeful for a breakout, there are growing concerns over its ability to maintain momentum. 🔸 HBAR Traders Remain Bullish The funding rate for HBAR has been spiking recently, signaling that traders are bullish and expecting further price increases. This increase in funding rate suggests that long contracts dominate the market, with traders betting on the altcoin’s rise. This positive sentiment could play a crucial role in pushing HBAR’s price upwards, especially if the buying pressure continues to outweigh selling activity. However, despite the overall optimism, HBAR’s struggle to hold $0.20 as a support level has become a point of concern. On a broader scale, technical indicators like the MACD show signs that the bullish momentum might weaken. The MACD is nearing a bearish crossover, which would signal the end of the month-long uptrend for HBAR. A bearish crossover typically indicates declining buying pressure, which could result in a downward price movement. If this trend continues, HBAR might struggle to attract buyers, leading to a potential market correction. These mixed signals, with strong support from traders but conflicting technical indicators, have created uncertainty about HBAR’s future movement. While the altcoin has managed to stay in positive territory over the last several weeks, the loss of momentum could be a setback for the price, especially as it nears key resistance levels. 🔸 #HBAR Price Needs To Find Stability At the time of writing, HBAR’s price has been down 6% in the last 24 hours, and it is currently trading below the critical $0.20 level. Despite this short-term dip, the altcoin continues to maintain a seven-week-long uptrend. However, the inability to secure $0.20 as a solid support level could hamper its future growth.

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