The crypto whale James Wynn is making headlines again after significantly increasing his exposure to Bitcoin. He has taken a long position worth $1.2 billion on Hyperliquid, a decentralized derivatives exchange.

This comes shortly after he closed positions in Ethereum, Sui, and PEPE. This move indicates a strategic shift towards Bitcoin as the market recovers.

The crypto whale is stepping away from altcoins to place a $1.2 billion bet on Bitcoin.