PANews reported on May 27 that on-chain data shows trader James Wynn continues to increase his Bitcoin long position, currently holding contracts for 7307.44982 BTC, worth approximately $802 million, with a liquidation price of $108,620.
He tweeted tonight that the current breakout of BTC validates his bullish judgment, and he expects it to still challenge $118,000 this week. He emphasized that his personal investment portfolio had a floating loss of $60 million during the earlier downturn, but has now strongly rebounded to several hundred million dollars, mocking critics that they can only watch the rise of enormous wealth.
