James Wynn closed his record $1.1 billion $BTC long yesterday, opened a $1 billion short, closed and reopened to buy at $790M.

Despite the low liquidity of the weekend, the sale of 10,500 BTC pushed the price down by only ≈$1000, and was realized within less than an hour.

The trader explained the closing by the fact that, in his understanding, BTC shows a “golden cross” pattern - a bullish signal, which can be initially preceded by a correction, i.e. BTC, allegedly, can first shake out longs to the level of $98K-$100K, and then start a new upward impulse.

On May 23, the peak of unrealized profit reached $87 million, and in the end it was closed in minus ≈$17.5M At the same time, its total result for the entire period (since 19.03) - +$40.5 million.

He after opened a $1-billion short on BTC - $107,077 entry point and closed his short with a loss of $15.87M tonight . The trader's total result is minus ≈$44M, after which he withdrew the remaining $24M from his balance but kept $1M.

Overnight, Trump announced he would move the deadline for implementing duties for the EU from June 1 to July 9 - markets reacted with gains.

Today James Wynn got back into a $BTC buy trade, deposited into the account, gradually increasing the position, which is now $790M. The unrealized loss on the trade is ≈ $5M

#BTC #TrumpTariffs #Whale.Alert