In just 8 hours, James Wynn made a floating profit of almost $6 million on his alternative account. However, he asked not to spread this information. We will keep an eye on further updates, because in trading, things can change very quickly. $BTC
He went to Hyper**liquid, opened a long on $Eth with 25x leverage and, of course, posted a screenshot of the profit: +138.5%, everything according to the template.
But he forgot one important detail: Hyper**liquid has everything transparent there.
His account address was found within minutes, and his trades on the blockchain show that instead of making a significant profit, he was actually losing $600k.
He deleted the post, but the blockchain will still store this information.
This is what gambling addiction on cryptocurrencies can lead to...
Remember James Wynn, who wanted to make $1 billion on $BTC Bitcoin futures?
š At first, he opened positions for tens of millions $USDC , but he was liquidated on the exchange time after time. But he still did not give up, trying to return the money he lost and still finish 1 billion!
Nobody knows if he was okay when his positions were in liquidation and he was still opening positions... But the explanation is simple - gambling addiction.
š³ As a result , today one of the main gambling addicts of the crypto industry is no longer long for tens of millions of dollars.
His current open position is now modest, at just $18,774.
š¤š¤ Altseason could start as early as next week
Historically, the #Altseason has started on June 15. If the trend repeats, we can expect a rapid increase, especially among coins with low caps.
ā ļø The market is gradually coming to life, and the coming week could be decisive. This could be the moment when successful investments bring explosive profits.
Fear index - 72 Altseason index - 22 Bitcoin dominance - 64.03%
š¤ $BTC .D: Rising Wedge
Bitcoin dominance is forming a Rising Wedge pattern, which usually indicates a possible decline. A breakout downwards could signal a long-awaited rise in altcoins.
Alts are gradually coming to life and shooting up by tens of percent. We keep our fingers crossed and hope that this summer will be pleasant for the cryptocurrency market. We are monitoring the situation - active movements are possible in the coming daysā ļø