Cryptocurrency Trader Wynn Loses $118M From $1B Bitcoin Bet Amid Price Decline
Cryptocurrency trader James Wynn, who had wagered over $1 billion on bitcoin (BTC), has seen losses exceeding $118 million after liquidation triggered by a dip in bitcoin's price below $105,000. Data from Arkham Intelligence reveals Wynn's liquidation on four positions totaling 1,134 BTC (over $118.8 million).
He also has an open position with 40x leverage on the decentralized exchange Hyperliquid, which currently has an unrealized loss of $4.7 million. Despite the losses, Wynn maintains that buying and holding BTC is a better strategy. His liquidations were triggered when BTC hit certain lower thresholds. Wynn had previously increased his bet as BTC's price rose, believing it could reach targets of $115,000-$118,000 this week, a prediction that did not materialize.
$SOPH – BREAKOUT OR BOUNCE BACK?
SOPH is currently trading at $0.05157, down -15.42% over the last 24 hours. After a sharp decline, the price is consolidating near short-term resistance, hinting at an imminent breakout or another pullback. Volume is holding steady at 535.78K, showing traders are watching this zone closely.
Key Levels to Watch:
• Immediate Resistance: $0.05200
– A confirmed breakout above this could lead to higher levels.
• Immediate Support: $0.05100
– A breakdown here may invalidate bullish attempts and invite sellers.
Trade Setup: Prepare for Volatility
Bullish Entry:
Watch for a strong 15m candle close above $0.05200. If confirmed, potential upside targets:
• TP1: $0.05280
• TP2: $0.05330
• TP3: $0.05440
Bearish Entry:
If SOPH fails to hold $0.05100, downside may follow:
• TP1: $0.05020 (24h low)
• TP2: $0.04900
Stop-Loss Guidance:
• For longs: Below $0.05100
• For shorts: Above $0.05200
SOPH is sitting in a tight zone between support and resistance. The next 15–30 minutes could confirm direction. Stay alert, as momentum can shift quickly.
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LPT Soars 80% After Upbit Listing, Becomes Top Gainer With Record Price and Volume Surge
Livepeer (LPT) is currently trading at $10.182 with a 24-hour opening price of $5.644, reflecting an 80.40% price increase and a significant surge in trading volume. This sharp movement is primarily attributed to the May 30, 2025 listing of LPT on Upbit, South Korea’s largest crypto exchange, which led to heightened investor interest and rapid trading activity, particularly on major exchanges. The listing announcement and subsequent trading activity resulted in LPT being recognized as the top gainer of the day, with both price and volume metrics reaching new highs.
Total Breakdown on @stayloudio
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Why join?
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Where’s the price heading?
~500k MC = $112
~5M MC = $1,125
~10M MC = $2,250
~50M MC (very possible) = $11,250
~100M MC = $22,500