The value of the whale's BTC position is nearly 400 million

A notable hot spot in the current Bitcoin market is the position of whale investor James Wy, which is worth nearly 400 million 💲, which has attracted widespread attention.

Wy shared his 40x long position of Bitcoin on the X platform, which is currently worth more than 395 million 💲, and he has realized a floating profit of 20.41 million.

This news not only shows the strong bullish sentiment of the whales, but also reflects the market's optimistic expectations for the future trend of Bitcoin. As the price of Bitcoin continues to rise, Wy’s comments and positions will undoubtedly attract the attention of other investors, potentially leading to more funds flowing into the market, further driving prices up.

In addition, another message mentioned that a whale deposited 700 BTC into Binance, showing that there are still large amounts of funds flowing in and out of the market, which also shows investors' confidence in the market.

In terms of market sentiment, Wy believes that Bitcoin is unlikely to fall back below $100,000, a view that could bolster the confidence of other investors, prompting them to increase their holdings.

Overall, the activities of whales and the positive changes in market sentiment may provide support for Bitcoin prices in the short term. If the market continues to maintain this optimistic sentiment in the coming weeks, prices are expected to rise further. #币圈新闻