James Wynn and other large investors are taking long positions on Bitcoin. In the last 24 hours, numerous whale accounts on Hyperliquid have opened leveraged long positions on BTC as it shows signs of upward momentum and the possibility of reaching a new all-time high. On Wednesday, Bitcoin surged above $109,500, and the crypto fear and greed index indicates a rise in greed among investors. However, many traders are positioned between going short and long.

The whales on Hyperliquid are demonstrating strong confidence, using leverage between 20X and 40X in some instances. One significant whale recently deposited $29.85 million in USDC, followed by an additional $10 million just hours ago. This whale currently holds one position with 20X leverage, set to liquidate at a price of $103,710.

James Wynn appears to have opened a new wallet six days ago and has continued his investments, going long 40X on Bitcoin and 10X on PEPE, with unrealized profits exceeding $2 million.

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