Mahmood Ghazali
Open Trade
High-Frequency Trader
1.1 Years
Crypto player, Airdrop hunter,
51 Following
12 Followers
20 Liked
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#walletconnct
My Thoughts on WCT Token
WCT is not just another hype coin—it's a utility token with real purpose behind it. It powers WalletConnect, which is already used by millions of wallets and dApps across Ethereum, Solana, and other blockchains. That gives it strong fundamentals.
The token distribution looks solid—no huge VC allocation, and the team’s share is locked for years, so less risk of early dumps. The airdrop was fair, and the rest will unlock slowly over time. That’s a good sign for long-term growth.
Governance, staking, and future fee payments make WCT more than just a token—it’s part of a growing web3 infrastructure. If WalletConnect keeps expanding, WCT could gain real value both in price and utility.
Right now, the price has dipped from its all-time high, which might offer a good entry. But like any new project, it’s still speculative, so I’ll watch how the ecosystem and governance evolve.
My Thoughts on WCT Token
WCT is not just another hype coin—it's a utility token with real purpose behind it. It powers WalletConnect, which is already used by millions of wallets and dApps across Ethereum, Solana, and other blockchains. That gives it strong fundamentals.
The token distribution looks solid—no huge VC allocation, and the team’s share is locked for years, so less risk of early dumps. The airdrop was fair, and the rest will unlock slowly over time. That’s a good sign for long-term growth.
Governance, staking, and future fee payments make WCT more than just a token—it’s part of a growing web3 infrastructure. If WalletConnect keeps expanding, WCT could gain real value both in price and utility.
Right now, the price has dipped from its all-time high, which might offer a good entry. But like any new project, it’s still speculative, so I’ll watch how the ecosystem and governance evolve.
#WalletCollect
WalletConnect is a decentralized, open-source protocol (since 2018) used globally to connect crypto wallets (like MetaMask, Trust Wallet, Coinbase Wallet) to decentralized apps (dApps) across blockchains such as Ethereum, Solana, Cosmos, and Bitcoin .
It's built on:
A network of relay and gateway nodes that route encrypted messages,
SDKs for developers to integrate seamlessly,
Standards ensuring compatibility across chains .
Its mission is to modernize on-chain UX via secure, smooth connectivity, and establish a permissionless, decentralized future .
---
🎯 WCT Token: Uses & Role
The native utility token, WCT, plays multiple key roles within the WalletConnect ecosystem:
1. Governance – Holders vote on protocol upgrades, fees, and network parameters
2. Staking – Users and node operators stake WCT (minimum ~100 k WCT for nodes) with lockups from 1 week up to 2 years to earn rewards
3. Rewards – 17.5% of tokens allocated to incentivize node operators, SDK developers, wallets, etc. via performance-based rewards
4. Fees (future) – Although currently relays are free, community may later vote to introduce fee structures paid in WCT .
WalletConnect is a decentralized, open-source protocol (since 2018) used globally to connect crypto wallets (like MetaMask, Trust Wallet, Coinbase Wallet) to decentralized apps (dApps) across blockchains such as Ethereum, Solana, Cosmos, and Bitcoin .
It's built on:
A network of relay and gateway nodes that route encrypted messages,
SDKs for developers to integrate seamlessly,
Standards ensuring compatibility across chains .
Its mission is to modernize on-chain UX via secure, smooth connectivity, and establish a permissionless, decentralized future .
---
🎯 WCT Token: Uses & Role
The native utility token, WCT, plays multiple key roles within the WalletConnect ecosystem:
1. Governance – Holders vote on protocol upgrades, fees, and network parameters
2. Staking – Users and node operators stake WCT (minimum ~100 k WCT for nodes) with lockups from 1 week up to 2 years to earn rewards
3. Rewards – 17.5% of tokens allocated to incentivize node operators, SDK developers, wallets, etc. via performance-based rewards
4. Fees (future) – Although currently relays are free, community may later vote to introduce fee structures paid in WCT .
#walletconect
WalletConnect is a decentralized, open-source protocol (since 2018) used globally to connect crypto wallets (like MetaMask, Trust Wallet, Coinbase Wallet) to decentralized apps (dApps) across blockchains such as Ethereum, Solana, Cosmos, and Bitcoin .
It's built on:
A network of relay and gateway nodes that route encrypted messages,
SDKs for developers to integrate seamlessly,
Standards ensuring compatibility across chains .
Its mission is to modernize on-chain UX via secure, smooth connectivity, and establish a permissionless, decentralized future .
$WCT Token: Uses & Role
The native utility token, WCT, plays multiple key roles within the WalletConnect ecosystem:
1. Governance – Holders vote on protocol upgrades, fees, and network parameters
2. Staking – Users and node operators stake WCT (minimum ~100 k WCT for nodes) with lockups from 1 week up to 2 years to earn rewards
3. Rewards – 17.5% of tokens allocated to incentivize node operators, SDK developers, wallets, etc. via performance-based rewards
$WCT
WalletConnect is a decentralized, open-source protocol (since 2018) used globally to connect crypto wallets (like MetaMask, Trust Wallet, Coinbase Wallet) to decentralized apps (dApps) across blockchains such as Ethereum, Solana, Cosmos, and Bitcoin .
It's built on:
A network of relay and gateway nodes that route encrypted messages,
SDKs for developers to integrate seamlessly,
Standards ensuring compatibility across chains .
Its mission is to modernize on-chain UX via secure, smooth connectivity, and establish a permissionless, decentralized future .
$WCT Token: Uses & Role
The native utility token, WCT, plays multiple key roles within the WalletConnect ecosystem:
1. Governance – Holders vote on protocol upgrades, fees, and network parameters
2. Staking – Users and node operators stake WCT (minimum ~100 k WCT for nodes) with lockups from 1 week up to 2 years to earn rewards
3. Rewards – 17.5% of tokens allocated to incentivize node operators, SDK developers, wallets, etc. via performance-based rewards
$WCT
197 alpha point at cost of 15 USDT
much hard to obtain
so much discouraging, invain.
I m quiting.
much hard to obtain
so much discouraging, invain.
I m quiting.
#TradersLeague
what is RSI
The Relative Strength Index (RSI) is a popular momentum oscillator used in technical analysis to evaluate whether a stock or asset is overbought or oversold. Here's a step-by-step guide on how to apply RSI in trading:
---
🔧 Step 1: Understand RSI Basics
RSI Value Range: 0 to 100.
Typical Thresholds:
Overbought: RSI > 70 → Possible price drop.
Oversold: RSI < 30 → Possible price rise.
Default Period: 14 (based on 14 candles/bars in your chart, e.g., 14 days for a daily chart).
---
📊 Step 2: Add RSI to Your Chart
Most charting platforms like TradingView, MetaTrader, or ThinkorSwim offer RSI as a built-in indicator.
Example:
In TradingView:
1. Open your chart.
2. Click on “Indicators.”
3. Search “RSI” and select Relative Strength Index.
4. It will appear below the price chart.
---
🧠 Step 3: Interpret RSI Signals
✅ Buy Signals:
RSI crosses below 30, then turns upward → Potential long entry.
RSI divergence (price makes lower lows, RSI makes higher lows) → Bullish divergence.
❌ Sell Signals:
RSI crosses above 70, then turns downward → Potential short entry.
RSI divergence (price makes higher highs, RSI makes lower highs) → Bearish divergence.
---
📈 Step 4: Combine RSI with Other Tools
Using RSI alone can give false signals. Improve accuracy by combining with:
Support/Resistance levels
Candlestick patterns
Moving averages
MACD or volume indicators
---
🕒 Step 5: Choose the Right Timeframe
Shorter timeframes (e.g., 5-min, 15-min) → More signals, more noise.
Longer timeframes (e.g., daily, weekly) → Fewer but stronger signals.
Adjust the RSI period (e.g., 7, 14, 21) to suit your strategy.
---
📌 Example RSI Strategy
RSI Pullback Buy Strategy:
Chart: Daily
RSI: 14
Entry: RSI dips below 30 and crosses back above it.
Confirm with bullish candlestick or support level.
Exit: RSI approaches 70 or hits resistance level.
what is RSI
The Relative Strength Index (RSI) is a popular momentum oscillator used in technical analysis to evaluate whether a stock or asset is overbought or oversold. Here's a step-by-step guide on how to apply RSI in trading:
---
🔧 Step 1: Understand RSI Basics
RSI Value Range: 0 to 100.
Typical Thresholds:
Overbought: RSI > 70 → Possible price drop.
Oversold: RSI < 30 → Possible price rise.
Default Period: 14 (based on 14 candles/bars in your chart, e.g., 14 days for a daily chart).
---
📊 Step 2: Add RSI to Your Chart
Most charting platforms like TradingView, MetaTrader, or ThinkorSwim offer RSI as a built-in indicator.
Example:
In TradingView:
1. Open your chart.
2. Click on “Indicators.”
3. Search “RSI” and select Relative Strength Index.
4. It will appear below the price chart.
---
🧠 Step 3: Interpret RSI Signals
✅ Buy Signals:
RSI crosses below 30, then turns upward → Potential long entry.
RSI divergence (price makes lower lows, RSI makes higher lows) → Bullish divergence.
❌ Sell Signals:
RSI crosses above 70, then turns downward → Potential short entry.
RSI divergence (price makes higher highs, RSI makes lower highs) → Bearish divergence.
---
📈 Step 4: Combine RSI with Other Tools
Using RSI alone can give false signals. Improve accuracy by combining with:
Support/Resistance levels
Candlestick patterns
Moving averages
MACD or volume indicators
---
🕒 Step 5: Choose the Right Timeframe
Shorter timeframes (e.g., 5-min, 15-min) → More signals, more noise.
Longer timeframes (e.g., daily, weekly) → Fewer but stronger signals.
Adjust the RSI period (e.g., 7, 14, 21) to suit your strategy.
---
📌 Example RSI Strategy
RSI Pullback Buy Strategy:
Chart: Daily
RSI: 14
Entry: RSI dips below 30 and crosses back above it.
Confirm with bullish candlestick or support level.
Exit: RSI approaches 70 or hits resistance level.
#TradersLeague
Whether you're trading crypto, stocks, or forex, one thing’s clear:
Your tools can make or break your trading game.
Want to trade smarter and avoid costly mistakes?
Master these essential trading tools 👇
🛠 1. Powerful Charting Platforms
Examples: TradingView, MetaTrader, ThinkorSwim
Visualize market moves, spot trends, and analyze price action like a pro. These platforms let you leverage candlestick patterns, indicators, and more for in-depth analysis.
📈 2. Game-Changing Technical Indicators
Top Tools: RSI, MACD, Bollinger Bands, MA/EMA
Decode momentum, spot reversals, and identify entry/exit points. Indicators are your tactical edge in volatile markets.
🔔 3. Smart Price Alerts
Tools: TradingView, CoinMarketCap
Never miss a move. Get real-time alerts when assets hit your target prices. Set it and let the market come to you.
📰 4. Real-Time News Aggregators
Best Sources: CoinDesk, ForexFactory, Binance News
Stay ahead with breaking news, economic updates, and market sentiment. Knowledge = power.
📊 5. All-in-One Portfolio Trackers
Recommended: CoinStats, Blockfolio, Delta
Monitor your portfolio in one sleek dashboard. Track performance, manage risk, and stay organized.
🔁 6. Backtesting Tools
Try: Strategy Tester in TradingView
Validate your strategies using historical data. Know what works before risking real capital.
🤖 7. Automated Trading Bots
Popular: 3Commas, Pionex, TradeSanta
Automate your trades based on pre-set strategies. Ideal for 24/7 markets and reducing emotional decisions.
🧮 8. Risk Management Calculators
Must-Have: For every single trade
Quickly calculate position sizes, stop-loss levels, and risk-to-reward ratios. This is your safety net.
💡 Final Takeaway:
Tools won’t make you a millionaire overnight—
But when combined with discipline, strategy, and consistency, they give you a serious edge.
Start using them wisely. Your future self will thank you. 💸
Whether you're trading crypto, stocks, or forex, one thing’s clear:
Your tools can make or break your trading game.
Want to trade smarter and avoid costly mistakes?
Master these essential trading tools 👇
🛠 1. Powerful Charting Platforms
Examples: TradingView, MetaTrader, ThinkorSwim
Visualize market moves, spot trends, and analyze price action like a pro. These platforms let you leverage candlestick patterns, indicators, and more for in-depth analysis.
📈 2. Game-Changing Technical Indicators
Top Tools: RSI, MACD, Bollinger Bands, MA/EMA
Decode momentum, spot reversals, and identify entry/exit points. Indicators are your tactical edge in volatile markets.
🔔 3. Smart Price Alerts
Tools: TradingView, CoinMarketCap
Never miss a move. Get real-time alerts when assets hit your target prices. Set it and let the market come to you.
📰 4. Real-Time News Aggregators
Best Sources: CoinDesk, ForexFactory, Binance News
Stay ahead with breaking news, economic updates, and market sentiment. Knowledge = power.
📊 5. All-in-One Portfolio Trackers
Recommended: CoinStats, Blockfolio, Delta
Monitor your portfolio in one sleek dashboard. Track performance, manage risk, and stay organized.
🔁 6. Backtesting Tools
Try: Strategy Tester in TradingView
Validate your strategies using historical data. Know what works before risking real capital.
🤖 7. Automated Trading Bots
Popular: 3Commas, Pionex, TradeSanta
Automate your trades based on pre-set strategies. Ideal for 24/7 markets and reducing emotional decisions.
🧮 8. Risk Management Calculators
Must-Have: For every single trade
Quickly calculate position sizes, stop-loss levels, and risk-to-reward ratios. This is your safety net.
💡 Final Takeaway:
Tools won’t make you a millionaire overnight—
But when combined with discipline, strategy, and consistency, they give you a serious edge.
Start using them wisely. Your future self will thank you. 💸
#TradingTools101
Whether you're trading crypto, stocks, or forex, one thing is crystal clear: your tools can make or break your trading game. Want to trade smarter and avoid costly mistakes? Start by mastering these essential trading tools 👇
🛠️ 1. Powerful Charting Platforms
📊 Examples: TradingView, MetaTrader, ThinkorSwim
Visualize market moves, spot trends, and analyze price action like a pro. These platforms support candlestick patterns, technical indicators, and more for high-level analysis.
📈 2. Game-Changing Technical Indicators
💡 Top Tools: RSI, MACD, Bollinger Bands, MA/EMA
Decode momentum, spot reversals, and identify entry/exit points. Indicators are your tactical edge in volatile markets.
🔔 3. Smart Price Alerts
📲 Tools: TradingView, CoinMarketCap
Never miss a move. Get real-time alerts when assets hit your target prices. Set it and let the market come to you.
📰 4. Real-Time News Aggregators
🧠 Best Sources: CoinDesk, ForexFactory, Binance News
Stay ahead with breaking news, economic updates, and market sentiment that move prices. Knowledge = power.
📊 5. All-in-One Portfolio Trackers
💼 Recommended: CoinStats, Blockfolio, Delta
Monitor your entire portfolio in one sleek dashboard. Track performance, manage risk, and stay organized.
🔁 6. Backtesting Tools
🧪 Try: Strategy Tester in TradingView
Validate your strategies using historical data. Know what works before you risk real capital.
🤖 7. Automated Trading Bots
⚙️ Popular: 3Commas, Pionex, TradeSanta
Automate trades based on your strategies. Perfect for 24/7 markets and eliminating emotional decisions.
🧮 8. Risk Management Calculators
🔐 Must-Have for Every Trade
Figure out position size, stop-loss, and reward-to-risk ratios in seconds. Your account safety net starts here.
💡 Final Takeaway:
Tools won’t make you a millionaire overnight—but when combined with discipline, strategy, and consistency, they give you a serious trading edge. Start using them wisely today.
Whether you're trading crypto, stocks, or forex, one thing is crystal clear: your tools can make or break your trading game. Want to trade smarter and avoid costly mistakes? Start by mastering these essential trading tools 👇
🛠️ 1. Powerful Charting Platforms
📊 Examples: TradingView, MetaTrader, ThinkorSwim
Visualize market moves, spot trends, and analyze price action like a pro. These platforms support candlestick patterns, technical indicators, and more for high-level analysis.
📈 2. Game-Changing Technical Indicators
💡 Top Tools: RSI, MACD, Bollinger Bands, MA/EMA
Decode momentum, spot reversals, and identify entry/exit points. Indicators are your tactical edge in volatile markets.
🔔 3. Smart Price Alerts
📲 Tools: TradingView, CoinMarketCap
Never miss a move. Get real-time alerts when assets hit your target prices. Set it and let the market come to you.
📰 4. Real-Time News Aggregators
🧠 Best Sources: CoinDesk, ForexFactory, Binance News
Stay ahead with breaking news, economic updates, and market sentiment that move prices. Knowledge = power.
📊 5. All-in-One Portfolio Trackers
💼 Recommended: CoinStats, Blockfolio, Delta
Monitor your entire portfolio in one sleek dashboard. Track performance, manage risk, and stay organized.
🔁 6. Backtesting Tools
🧪 Try: Strategy Tester in TradingView
Validate your strategies using historical data. Know what works before you risk real capital.
🤖 7. Automated Trading Bots
⚙️ Popular: 3Commas, Pionex, TradeSanta
Automate trades based on your strategies. Perfect for 24/7 markets and eliminating emotional decisions.
🧮 8. Risk Management Calculators
🔐 Must-Have for Every Trade
Figure out position size, stop-loss, and reward-to-risk ratios in seconds. Your account safety net starts here.
💡 Final Takeaway:
Tools won’t make you a millionaire overnight—but when combined with discipline, strategy, and consistency, they give you a serious trading edge. Start using them wisely today.
BNB (Binance Coin) Market Overview – May 26, 2025
$BNB (Binance Coin) Market Overview – May 26, 2025
🧱 Support and Resistance Levels
Level Price (USD) Notes
Third Resistance $710.23 Potential breakout zone
Second Resistance $700.62 Psychological resistance
First Resistance $681.56 Immediate resistance level
Current Price $674.83 As of May 26, 2025
First Support $652.90 Short-term support
Second Support $643.29 Intermediate support
Third Support $624.23 Strong historical support
---
📈 Historical Price Milestones
All-Time High: $793.35 on December 4, 2024
All-Time Low: $0.0961 in August 2017
---
🔮 Price Predictions
Short-Term (June 2025)
Expected range: $590.41 – $639.90
Potential upside: +8.38% if upper range is reached
Medium-Term (End of 2025)
CoinCodex: $492.96 – $677.74
Changelly: Average target of $1,090.14
InvestingHaven: $581 – $1,000; expected average $790
Long-Term (2030)
CoinCodex: $436.52 – $843.73
Kraken: Forecasts a rise to $1,322.71
---
⚠️ Challenges and External Factors
Legal Disputes:
FTX lawsuit against Binance and Changpeng Zhao for $1.8 billion (Nov 2024)
Reputational concerns due to ongoing litigation
Regulatory Pressure:
Binance fined $4.3 billion for AML violations
Zhao resigned as part of settlement
---
📊 Technical Indicator Analysis (as of May 26, 2025)
1. RSI (Relative Strength Index): 63.9
Momentum: Moderate upward
Signal: Room for growth; not yet overbought (>70)
2. MACD: +1.64 (Bullish Crossover)
Trend: Upward
Signal: Bullish momentum confirmed; may strengthen with volume
3. Other Key Indicators
Stochastic Oscillator: 79.96 → Approaching overbought territory
Williams %R: -2.78 → Currently overbought
ADX: 32.78 → Strong trend in place
CCI: 118.80 → Solid upward momentum
---
🧭 Technical Forecast
Current Trend: Bullish
Key Levels:
Support: $655 and $662
Resistance: $672 and $680
Short-Term Outlook
A breakout above $680 could pave the way to test $685–$700
Overbought signals suggest caution: a short-term correction is possible$BNB
$BNB (Binance Coin) Market Overview – May 26, 2025
🧱 Support and Resistance Levels
Level Price (USD) Notes
Third Resistance $710.23 Potential breakout zone
Second Resistance $700.62 Psychological resistance
First Resistance $681.56 Immediate resistance level
Current Price $674.83 As of May 26, 2025
First Support $652.90 Short-term support
Second Support $643.29 Intermediate support
Third Support $624.23 Strong historical support
---
📈 Historical Price Milestones
All-Time High: $793.35 on December 4, 2024
All-Time Low: $0.0961 in August 2017
---
🔮 Price Predictions
Short-Term (June 2025)
Expected range: $590.41 – $639.90
Potential upside: +8.38% if upper range is reached
Medium-Term (End of 2025)
CoinCodex: $492.96 – $677.74
Changelly: Average target of $1,090.14
InvestingHaven: $581 – $1,000; expected average $790
Long-Term (2030)
CoinCodex: $436.52 – $843.73
Kraken: Forecasts a rise to $1,322.71
---
⚠️ Challenges and External Factors
Legal Disputes:
FTX lawsuit against Binance and Changpeng Zhao for $1.8 billion (Nov 2024)
Reputational concerns due to ongoing litigation
Regulatory Pressure:
Binance fined $4.3 billion for AML violations
Zhao resigned as part of settlement
---
📊 Technical Indicator Analysis (as of May 26, 2025)
1. RSI (Relative Strength Index): 63.9
Momentum: Moderate upward
Signal: Room for growth; not yet overbought (>70)
2. MACD: +1.64 (Bullish Crossover)
Trend: Upward
Signal: Bullish momentum confirmed; may strengthen with volume
3. Other Key Indicators
Stochastic Oscillator: 79.96 → Approaching overbought territory
Williams %R: -2.78 → Currently overbought
ADX: 32.78 → Strong trend in place
CCI: 118.80 → Solid upward momentum
---
🧭 Technical Forecast
Current Trend: Bullish
Key Levels:
Support: $655 and $662
Resistance: $672 and $680
Short-Term Outlook
A breakout above $680 could pave the way to test $685–$700
Overbought signals suggest caution: a short-term correction is possible$BNB
$SHELL Coin Price Prediction 2025 - 2028 🔥🔥🔥If you invest $ 1,000.00 in MyShell today and hold until Jun 23, 2025, our prediction suggests you could see a potential profit of $ 3,716.22, reflecting a 371.62% ROI over the next 37 days (fees are not included in this estimate).MyShell Price Prediction 2025In 2025, MyShell (SHELL) is anticipated to change hands in a trading channel between $ 0.227603 and $ 1.079177, leading to an average annualized price of $ 0.652474. This could result in a potential return on investment of 374.70% compared to the current rates.MyShell Price Prediction 2026In 2026, MyShell is forecasted to trade in a price channel between $ 0.305795 and $ 0.632069. On average, SHELL is expected to change hands at $ 0.465216 during the year. The most bullish month for SHELL could be March, when the currency is anticipated to trade 178.03% higher than today.MyShell Price Prediction 2027Generally speaking, MyShell price prediction for 2027 is bullish. The SHELL cryptocurrency is forecasted to hit a high point of $ 0.356522 in January and reach a low of $ 0.189681 in February. Overall, SHELL is expected to trade at an average price of $ 0.247823 in 2027.MyShell Price Prediction 2028The outlook for MyShell in 2028 indicates a possible uptrend, with an expected price of $ 0.334146. This represents a 46.98% increase from the current price. The asset's price is projected to oscillate between $ 0.208046 in January and $ 0.443986 in July. Investors could see a potential ROI of 95.30%, suggesting a favorable investment environment.Please🙏 Follow Me ❤#CryptoCPIWatch
$BTC James Wynn's High-Stakes BTC Trades Amid Market Volatility
James Wynn made headlines after closing his record-breaking $1.1 billion long position on Bitcoin yesterday. Following the closure, he opened a $1 billion short position, which he subsequently closed and re-entered, shifting to a long position valued at $790 million.
Despite low weekend liquidity, the sale of 10,500 BTC caused only a modest price drop of approximately $1,000, executed in under an hour. Wynn explained his position adjustments as a response to what he interpreted as a developing “golden cross” on BTC’s chart—a bullish technical indicator. He noted that such a pattern is often preceded by a short-term correction, potentially shaking out long positions before a fresh upward move. He suggested BTC could dip to the $98K–$100K range before resuming its climb.
On May 23, Wynn's unrealized profits peaked at $87 million. However, by the time he closed that trade, he had incurred a loss of approximately $17.5 million. Despite this setback, his net gain since March 19 stood at $40.5 million.
Later, he opened another $1 billion short on BTC at an entry price of $107,077. This position was closed last night at a $15.87 million loss. Overall, this brought his net result to a loss of roughly $44 million. Wynn subsequently withdrew $24 million from his account, leaving $1 million in play.
In the broader market, news broke overnight that former President Trump would postpone EU tariff enforcement from June 1 to July 9—an announcement that lifted market sentiment.
Today, Wynn re-entered the market with a fresh BTC long, depositing funds and gradually building a $790 million position. As of now, the position is sitting at an unrealized loss of around $5 million.
Let me know if you'd like this shortened, stylized for social media, or tailored to a specific tone.
James Wynn made headlines after closing his record-breaking $1.1 billion long position on Bitcoin yesterday. Following the closure, he opened a $1 billion short position, which he subsequently closed and re-entered, shifting to a long position valued at $790 million.
Despite low weekend liquidity, the sale of 10,500 BTC caused only a modest price drop of approximately $1,000, executed in under an hour. Wynn explained his position adjustments as a response to what he interpreted as a developing “golden cross” on BTC’s chart—a bullish technical indicator. He noted that such a pattern is often preceded by a short-term correction, potentially shaking out long positions before a fresh upward move. He suggested BTC could dip to the $98K–$100K range before resuming its climb.
On May 23, Wynn's unrealized profits peaked at $87 million. However, by the time he closed that trade, he had incurred a loss of approximately $17.5 million. Despite this setback, his net gain since March 19 stood at $40.5 million.
Later, he opened another $1 billion short on BTC at an entry price of $107,077. This position was closed last night at a $15.87 million loss. Overall, this brought his net result to a loss of roughly $44 million. Wynn subsequently withdrew $24 million from his account, leaving $1 million in play.
In the broader market, news broke overnight that former President Trump would postpone EU tariff enforcement from June 1 to July 9—an announcement that lifted market sentiment.
Today, Wynn re-entered the market with a fresh BTC long, depositing funds and gradually building a $790 million position. As of now, the position is sitting at an unrealized loss of around $5 million.
Let me know if you'd like this shortened, stylized for social media, or tailored to a specific tone.
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