Trader James Wynn Doubles His Bet on Bitcoin to $1.2 Billion with 40x Leverage
Strong Confidence in a New Bull Market
Famed trader James Wynn has increased his long position on Bitcoin to $1.2 billion using 40x leverage, reflecting his expectations of an imminent price explosion.
Strategy Based on Technical Analysis
Wynn relies on technical models that show a breakout in the general trend, believing that Bitcoin will reach levels close to $130,000 in the coming weeks.
High Risks, But Potential Returns Are Huge
The deal represents a bold move given the market's volatility, but Wynn's confidence stems from strong blockchain data and ongoing ETF fund inflows.
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