Bitcoin Climbs 5.1% Amid Pakistan’s Support For BTC Mining, Whale Shorts $1B
Bitcoin (CRYPTO: BTC) is trading near $109,668 , maintaining its upward trajectory with a 2.36% gain over the past 24 hours, and nearly 5.1% over the past week, per CoinMarketCap. BTC is pushing towards the $110,000 mark amid James Wynn’s long-short position, easing geopolitical tensions, and renewed optimism sparked by Robert Kiyosaki.
Wynn, the high-profile trader known by the handle “moonpig” on the decentralized exchange, Hyperliquid, has drawn attention after closing a $1.2 billion long position on Bitcoin with a $1.75 million loss. Following the positionWynn reversed direction and placed $1 billion short at an average price of $107,077, using 40x leverage, effectively risking their entire $50 million wallet on the downside.
Don’t Miss:
- Trade crypto futures on Plus500 with up to $200 in bonuses — no wallets, just price speculation and free paper trading to practice different strategies.
- New to trading crypto? Get up to $400 in rewards for successfully completing short educational courses and placing your first qualifying trade on Coinbase.
The short trade is one of the largest on-chain trades ever recorded and quickly turned profitable, netting about 3 million in unrealized profit as Bitcoin briefly dipped below …
About The Author
