{"id":28460,"date":"2025-05-25T06:49:12","date_gmt":"2025-05-25T06:49:12","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=28460"},"modified":"2025-05-25T06:49:12","modified_gmt":"2025-05-25T06:49:12","slug":"bitcoin-to-121k-next-week-mega-whale-wynn-bet-1-25b-on-it","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=28460","title":{"rendered":"Bitcoin to $121K Next Week? Mega Whale Wynn Bet $1.25B on It"},"content":{"rendered":"
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After recently hitting a new all-time high, Bitcoin (BTC) has retraced to the $108,000 level.<\/p>\n

Still, one whale is betting billions that the number one cryptocurrency will defy the chaos caused by U.S. President Donald Trump\u2019s latest tariff bombshell and rocket to $121,000 within days.<\/p>\n

The $1.25B Gamble<\/h2>\n

High-stakes trader James Wynn, known for his jaw-dropping leverages, has doubled down on a $1.25 billion BTC long position with 40x leverage, despite a rollercoaster week that saw his unrealized losses briefly hit $321 million.<\/p>\n

\u201cTHE SWINGS ARE INSANE,\u201d Wynn tweeted<\/a> Thursday after clawing back to a slim profit. \u201cWHALES WANT ME GONE!!!\u201d<\/p>\n

According to market tracker Lookonchain, his liquidation price<\/a> is $105,180, which, at Bitcoin\u2019s current value, is just a 3.5% dip away from total wipeout.<\/p>\n

However, the razor-thin margins seem not to have affected the trader\u2019s bullishness, proclaiming<\/a> a target for BTC in the coming week. \u201c$118k \u2013 $121k next week,\u201d he posted on X Saturday morning, doubling down even as volatility surged.<\/p>\n

Not long after, he returned to the social platform, sharing a screenshot showing $4.2 million in unrealized profit on one of his trades, which had earlier been $59 million underwater. \u201cBuilt different,\u201d the self-described meme coin maxi flexed.<\/p>\n

Can the Market Keep Up?<\/h2>\n

But not everyone is buying the hype. Analyst Daan Crypto Trades called Wynn\u2019s trade \u201cinsanity,\u201d arguing<\/a> that closing even a fraction of his position could shift Bitcoin\u2019s price. \u201cEvery 1% BTC candle equals a $10M PNL swing,\u201d he warned.<\/p>\n

Another pseudonymous market watcher, Innerdevcrypto, speculated that Wynn\u2019s public bravado might be a play for clout. \u201cThat liquidation price is too close,\u201d he pointed out. \u201cI wonder if there is not some ulterior motive to him doing this.\u201d<\/p>\n

To add fuel to the fire, President Trump\u2019s latest tariff threats, including a 50% import tax on EU goods and a 25% Apple-specific levy, have shaken global markets. Bitcoin slipped<\/a> over 3% on Friday, briefly dipping to around $107,600, with crypto intelligence platform Santiment warning<\/a> the development had caused traders to change strategies to \u201cholding and \u2018hoping for the best.\u2019\u201d<\/p>\n

Meanwhile, Lookonchain revealed that Wynn had dumped his ETH and SUI longs, burning $5.3 million in losses, to go all-in on BTC. That kind of conviction, or recklessness, depending on your point of view, has set the stage for what is sure to be an interesting new week. Will the maverick whale\u2019s $121,000 prediction come true to see him win big, or will he be eaten alive by the sharks circling around $105,000?<\/p>\n

UPDATE:<\/strong><\/p>\n

More recent data from Lookonchain, though, shows that Wynn closed the entire $1.25 billion long position a few hours ago, which even caused a price slip for BTC on Hyperliquid.<\/p>\n

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Top trader @JamesWynnReal<\/a> closed all 11,588 $BTC<\/a>($1.25B) long positions an hour ago, losing ~$13.4M.<\/p>\n

The price of $BTC<\/a> on Hyperliquid dropped by 1.3%.https:\/\/t.co\/IUTpCuzoSB<\/a>https:\/\/t.co\/XC9qCI5NmO<\/a> pic.twitter.com\/GcaqxpPc2A<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) May 25, 2025<\/a><\/p>\n<\/blockquote>\n