James Wynn flips short with $111.8M BTC position Just an ho | User-Upal514 on Binance Square

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James Wynn flips short with $111.8M BTC position
Just an hour after closing his $1.26B long, James Wynn opened a new short on 1,038.7 BTC ($111.8M) at $107,711.1.
Liquidation is set at $149,100.
From giga-long to mega-short — Wynn’s not slowing down.
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Shiba Inu enters the doghouse as whales bail, burn rate slows: Shiba Inu is nearing a local technical bear market after falling by over 17% from its highest point this month. Shiba Inu shib-1.25%Shiba Inu was trading at $0.000014 on Sunday, with its 24-hour volume dwindling to $158 million. This volume is much lower than that of other popular meme coins like Dogecoin (DOGE), Pepe pepe-6.14%Pepe, Official Trump trump-2.53%Official Trump, and Bonk bonk-8.71%Bonk. The underperformance is happening because of the ongoing whale and mart money selling and falling burn rate. ShibBurn data shows that the daily burn rate crashed by 85% to 2.14 million. Its weekly burn rate also dropped, with the biggest burn transaction being 23.5 million on Thursday. Shiba Inu price often does well when more tokens are being burned, as this reduces the number in circulation and boosts confidence among holders. Over 410 trillion tokens have been burned from the initial supply. Another data by Nansen shows that smart money investors have also sold their SHIB tokens. They now hold 14.13 billion tokens, down from 14.53 billion on April 8. This cup has a depth of about 40%. Therefore, measuring the same distance from its upper side brings the target at $0.00002443. This is a notable target since it coincides with the highest point in January. $SHIB $TRUMP $BONK

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Can Cryptocurrency XRP (Ripple) Reach $3 Again? Key Points: As Bitcoin reaches a new all-time high, XRP's recovery has lagged behind that of other major cryptos. Many investors fundamentally misunderstand XRP's use within the banking industry. Stablecoin adoption further threatens XRP's main value proposition. This has already been a roller coaster year for investors. After hovering at or near historic highs in February, the iconic Dow Jones Industrial Average and S&P 500 indexes both plunged more than 16% by early April before rebounding more than 13% in a month. The whiplash was even more severe for the tech-heavy Nasdaq Composite, which dropped 23% and then gained 25% over the same period. Crypto markets followed suit. Bitcoin reached an all-time high in January before plunging nearly 30%, only to recover, rising nearly 50% and setting a new all-time high of more than $111,000 as of May 23. At the same time, the crypto token XRP (CRYPTO: XRP) began the year at its highest point since 2018 before plummeting nearly 50%. Although it has recovered somewhat, unlike Bitcoin and many other cryptos, XRP is still far from its recent peak, currently hovering at about $2.40. So will Bitcoin's momentum spill over to XRP? Can XRP top $3 once again? XRP is legit The cryptocurrency market is full of projects ranging from frivolous to outright fraudulent. While the Bitcoins and Ethereums of the world are legitimate digital assets with real-world use cases, track records of security, and widespread adoption, there is a swath of meme coins that exist as purely speculative instruments, attracting those looking to get rich quickly. XRP definitely falls into the former camp. The token, which was created by the company Ripple Labs, is designed to make transactions between financial institutions -- especially transactions that cross borders -- faster and cheaper. $XRP $ETH $BTC

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Ethereum stalls despite new BTC ATH; Shiba Inu whales are buying this new ICO: Ethereum eyes a breakout past $3,000, Shiba Inu gains 20% in a month, and AI-powered Unilabs draws whale interest. While it has been an exciting week for Bitcoin after registering a new high, the same can’t be said for altcoins. The Ethereum price has been underwhelming despite BTC crossing $111,000, but a bounce might be close. Meanwhile, Shiba Inu coin whales have been doubling down on Unilabs (UNIL), a new ICO. This new player stands out for its deep AI integration and blend of TradFi and DeFi. Its unique value proposition revolves around identifying high-potential digital assets early through artificial intelligence, thereby assisting retail traders to maximize gains — an AI-backed DeFi asset manager. With the UNIL token in presale, it is on experts’ lists of the best AI coins to buy now. Ethereum: Primed for a breakout? Despite recording a 65% monthly gain, the Ethereum price has been underwhelming these past few days, especially with BTC reaching a new peak. It consolidated around $2,600, down from its 30-day high of $2,736. In addition, experts believe the Layer-1 altcoin is among this cycle’s best DeFi tokens to buy, especially with the ETH ETFs. Washigorira, a leading expert on Crypto Twitter, expects the Ethereum price to range between $3,000 and $3,500 in the coming weeks. VECTORCP, another crypto expert, echoes this bullish Ethereum price prediction — a run toward $3,200 and $3,800. Shiba Inu: 20% gain in the past month Like the rest of the crypto market, the Shiba Inu coin performed well this month — a 20% upswing in the past 30 days. The bulls maintain the $0.000015 price level, with a breakout expected to ignite a run toward $0.00002. BezosCrypto, with an optimistic outlook, targets $0.00017 this cycle, a bold Shiba Inu price prediction. LordOfAlts, also optimistic, believes the Shiba Inu coin rally is just starting, identifying the growing adoption of Shibarium as a bullish catalyst. $ETH $SHIB $AI #BTC🔥🔥🔥🔥🔥

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Ethereum forms bullish setup, Polymarket traders eye $4k: Ethereum price rally has stalled in the past 15 days, but Polymarket traders and technicals point to more upside in the coming weeks. Ethereum ETH-1.67%Ethereum traded at $2,550 on Saturday, a few points below this month’s high of $2,735. It has jumped 85% from its lowest level this year. Most Polymarket traders believe that ETH price will jump to $4,000 in 2025. A poll shows that the odds of this happening have risen to 40% from last month’s low of 16%. These odds are at their highest level since March 1. Moving to $4,000 would imply a 60% surge from the current level. Polymarket places the odds of Ethereum price hitting $5,000 at 25% and $6,000 at 17%. On the other hand, the odds that it will crash to $1,000 have fallen to 16%. There are signs that Ethereum’s fundamentals have improved in the past few weeks. For example, Nansen data shows that the number of transactions on the network has grown by 35% in the last 30 days to 39 million. Active addresses have increased by 0.4% to 6.7 million. Additionally, spot Ethereum ETFs have started attracting inflows. This week, they added over $238 million in assets, bringing the cumulative total to $2.76 billion. BlackRock’s ETHA has $3.4 billion in assets, while Grayscale’s ETHE and ETH have $2.9 billion and $1.28 billion, respectively. Technicals point to more ETH price gains in the coming months. It formed a golden cross as the 50-day and 200-day Arnaud Legoux Moving Averages crossed each other earlier this month. Ethereum is also forming a bullish flag pattern on the daily chart. The flagpole started earlier this month and peaked at $2,736, the 50% Fibonacci Retracement level. The recent consolidation is part of the flag formation. Therefore, there’s a chance that the coin will rebound in the next few days or weeks. A move above the 50% retracement at $2,736 will point to more gains, potentially to the 61.8% retracement point at $3,052. Rising above that retracement will point to more upside to $4,000. $ETH $XRP $BNB

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