“As any Active Trader knows, once the trade is initiated, the market will do everything possible to convince you that you are a perfect idiot making the worst trade in the history of Trading.”
Bo Yoder, Professional Trader
In deaf ears Gains arrive... Bitcoin reached USD 110,000 on June 9, just as a newly capitalized cryptocurrency wallet executed one of the boldest leveraged trades of the year: a long position of USD 54.5 million in BTC with 20x leverage. The wallet, identified as '0x1f25', was created today and was quickly funded with USD 10 million in USDC stablecoins.
Next, the trader opened a position of 511.5 $BTC on the decentralized exchange Hyperliquid, using full cross-margin leverage. With an entry price of USD 106,538 and a liquidation level of USD 88,141, the trader currently has over USD 11,000 in unrealized gains, a modest but strategic profit amid the growing market momentum.
Some traders believe that the whale behind the wallet '0x1f25' could be James Wynn, a prominent trader from Hyperliquid who recently suffered massive liquidations. Wynn initially lost USD 99.3 million when BTC fell below USD 105,000 on May 30, as two long positions totaling 949 BTC were liquidated. A week later, on June 4, he suffered an additional loss of USD 25 million when 240 BTC were liquidated in another leveraged position.
Despite these setbacks, Wynn has quickly opened new mega bets and maintains a pattern of entering new high-leverage trades, in line with the aggressive style characteristic of wallet 0x1f25.
Trade negotiations between the United States and China boost bullish prospects for bitcoin. The push of BTC above USD 108,000 occurred while traders closely monitored the ongoing trade negotiations between the United States and China taking place in London.
Negotiations began on the afternoon of June 9 with signs of a diplomatic thaw: reportedly, the United States is willing to ease export restrictions on technology in exchange for greater access to China's rare earth materials.
Discussions could extend until Tuesday if necessary, according to sources close to the matter. Like bitcoin, US stocks have responded positively to the news, indicating a generally positive sentiment among risk traders.
On June 6, strategists from JPMorgan and Citigroup raised their year-end targets for the S&P 500, citing easing trade tensions between the United States and China and better-than-expected economic data. David Kostin from Goldman stated that markets are beginning to reflect 'optimistic growth prospects', a sentiment that also seems to be driving cryptocurrencies, as the digital asset market has gained over USD 190 billion in value since the forecast revisions.
Bitcoin aims for a new record in 1-2 weeks
Bitcoin could revisit its all-time high of around USD 110,000 and even exceed it in the next 1-2 weeks, according to analyst Ted Pillows.
Pillows compares the current situation of bitcoin to the recent movements of gold and the S&P 500, which surged after exceeding similar resistance levels. His chart shows that all three assets face horizontal barriers—levels where prices previously peaked—and Bitcoin seems poised to follow the same breakout pattern.
Some analysts predict that the price of bitcoin will reach over USD 150,000 by the end of the year, which could raise the whale's profits to around 225%, or USD 22.5 million, given its margin of USD 10 million.
