Giant Whale Trader James Wynn Closes Big Long Position in Surprise Altcoins – Here’s His Profit.
2025-05-25 12:30:01
Trader James Wynn, known for his previous transactions and the huge long position he opened in Bitcoin, made an interesting move today, according to onchain data.
Onchain data revealed that Wynn closed all of his PEPE memecoin positions. By closing his trades, the trader earned a total of $25.18 million from these positions.
According to his own statement, James Wynn earned $25 million in PEPE trading transactions, which he started with $7,000 in 2023. This year, he earned another $25 million with the PEPE long transactions he made. In other words, the trader made a total profit of over $50 million in a single token.
However, although Wynn made a profit from these trading transactions, it should not be forgotten that almost all investors, especially in leveraged transactions and memecoins, suffered losses.
Interestingly, Wynn has made a huge loss on his 40x long Bitcoin position, which he opened at $108,915. In addition to the $1.7 million loss on the currently open position, a funding fee of $4.6 million was paid. If the BTC price drops to $104,770, this position will be liquidated.
Analysis Firm Reveals Expected Levels and Key Points for Solana (SOL)
25/05/2025
In its latest technical assessment for Solana (SOL), cryptocurrency analysis firm MakroVision stated that the asset maintains its strong structure and may be on the verge of a new rise.
The company said that after Solana broke the resistance area at $159, it quickly rose to $188 and is currently entering a sideways consolidation period just below that area.
According to MakroVision, Solana clearly broke out of a long-standing downtrend and subsequently displayed a strong bullish structure by forming higher lows and higher highs. According to the analysis, the current sideways movement is seen as a natural and constructive pause after the previous strong rally.
Analysts list the key support levels to watch in the short term as follows:
$159: It stands out as a short-term support level and there has been a reaction from this level before. $153: Coincides with the 0.382 Fibonacci retracement level and should be watched for possible reversals. $142: Key level that needs to be defended for Solana to maintain its bullish structure. MakroVision notes that if Solana achieves a sustained break above the $188 level, the price could gain new momentum towards the $204 and then $223 levels. On the other hand, the short-term technical outlook is thought to remain positive as long as the price stays above the $153 level.
According to MakroVision’s assessment, Solana is in a healthy consolidation phase after its strong rally. This sideways movement could pave the way for a continuation of the uptrend, while a break above the $188 level could give the market new momentum.
Bitcoin Sets a New Record, But Beware: No Record Yet in Non-Dollar Currency Pairs – Analyst Says There Is Room for Upside – Here...
2025-05-24 20:17:31
Cryptocurrency analyst Joao Wedson noted that while Bitcoin has reached an all-time high in US dollar terms, other currencies have yet to reach that level.
In his statement on his social media account, Wedson stated that the BTC/USD parity, which has the highest trading volume against the dollar, broke the record, but said that the same was not the case for other fiat currencies.
According to Wedson, in order for Bitcoin to break records against other major currencies, it needs to rise at the following rates:
10.3 percent against the euro
11.5 percent against the British pound
11 percent against the Swiss franc
10 percent against Japanese yen
8 percent against the South Korean won
5 percent against the Canadian dollar
29 percent against the Russian ruble
8 percent against the Brazilian real
Wedson noted that these differences clearly demonstrate the impact of exchange rates on the cryptocurrency market. “Looking beyond the dollar, we see that there is still significant room for upside. But this also indicates that new resistance levels may be formed,” he said.
Wedson also pointed out some advantages that most investors are not aware of: “Bitcoin pairs traded with currencies such as the euro and ruble may offer higher statistical asymmetry compared to the dollar pair. However, this is not talked about much in the market.
Why Did Bitcoin (BTC) Hit a New Record High? Why Are Altcoins Quiet? Analyst Explains Why
Bitcoin hits all-time high, surpassing $111,000
Evaluating the dynamics behind this historic rise, Bitwise Asset Management's Investment Director Matt Hougan stated that the rally has just begun and is a harbinger of a long-term rise.
According to Hougan, Bitcoin's rise is driven by two key factors: the increasing interest of institutional investors in the market and indirect support from the US government.
“More than $8 billion has flowed into Bitcoin ETFs in the last 30 days. This means new demand against fixed supply and pushes prices up,” Hougan said, adding that the government’s increasing budget deficits and money printing policies have also pushed investors away from fiat currencies, which has increased their focus on Bitcoin.
Hougan said the rise in long-term government bonds and developments in markets such as Japan suggested investors were losing appetite for borrowing. “The U.S. government is no longer serious about budget cuts. That calls into question the long-term value of the dollar,” he said.
Hougan also touched on why this strong performance of Bitcoin was not seen in altcoins, saying that Bitcoin is in a different position as “digital gold.” He said, “Cryptocurrencies such as Ethereum and Solana should be evaluated more like technology investments,” and stated that it is natural for these assets to perform differently than Bitcoin.