The boldest whale in cryptocurrency, James Wynn, is making waves once again - and this time, it's big. He just opened a long position with $200 million leverage on ETH/USDT at $3,420, marking his largest position since the 2024 bull run.
Why is the market going crazy like this?
Here are 3 major shocks shaking everything:
1️⃣ 25x leverage - A clean breakout above $3,500 could trigger over $1 billion in liquidations
2️⃣ Wynn's last 8 major trades? Averaging a massive 47% ROI
3️⃣ Capital has turned positive after 3 consecutive weeks of downtrends
What's happening right now:
ETH has risen 5% within an hour after his trade
Open interest has increased by over $800 million
On Binance, sell walls are very thin until $3,600
Rumors are heating up:
Word has it that Wynn could be moving in sync with institutions - potentially gearing up for the upcoming ETH ETF news
But be careful - this is not without risks:
Wynn suffered a $90 million loss back in March. High reward? Definitely. But also high risk. So should we switch to ETH according to him???
