Mystery whale opens $300M leveraged $BTC bet: James Wynn alt account?

The mysterious $300 million leveraged Bitcoin long comes days after Wynn’s second $100 million leveraged Bitcoin position was liquidated, causing a near $25 million loss.

Mystery whale opens $300M leveraged Bitcoin bet: James Wynn alt account?

A mystery investor has opened a $300 million leveraged $BTC position, fueling speculation around their identity.

The unknown whale, or large cryptocurrency holder, opened a 20x leveraged Bitcoin

long position worth over $308 million at the entry price of $108,100, Hypurrscan blockchain data shows.

The position currently shows an unrealized profit of more than $4 million and faces liquidation if $BTC drops below $105,780.

The trade has reignited speculation around James Wynn, a high-profile leverage trader who recently lost nearly $25 million in a separate liquidation on June 5, as Cointelegraph previously reported.

The long position was opened hours after Wynn announced that he is back under an anonymous account, without specifying the wallet address.