😮 This is what pain looks like
Yesterday, whale trader James Wynn lost all his gains and at that moment his PnL reached -$57.2 million. Today he wrote: "Are you counting me out? Do you call $80 million rich? That would barely buy you a superyacht these days. It's a normal move when you're making billion-dollar trades with 40x leverage. You stay in your lane, I'll stay in mine. More ATH V coming soon, enjoy the show."
📈 Meanwhile, the 10-year yield instantly rises above 4.50%. Fees, no fees, trade agreements, no trade agreements, it doesn't matter. Yields keep rising.
🏠 The SEC announced that it will hold its final cryptocurrency roundtable to discuss DeFi on June 9. The discussion will feature experts from Jito Labs, Coin Center, Venice AI, and more.
🔽 Market forecasts now show less than 2 Fed rate cuts in 2025. The median expectation now shows 1.9 cuts, down from a peak of 4 cuts in April$BTC #TradingTypes101 #ElonMuskDOGEDeparture #Bitcoin2025
