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Highlights
- Credible Crypto is tipping James Wynn to lose his Hyperliquid BTC long position.
- A Bitcoin price correction below $1,500 will liquidate James Wynn's position.
- Investors have their eyes peeled on the critical $107K-$108K level.
High-stakes crypto trader James Wynn has taken his riskiest bet yet – a $1.2 billion leveraged Bitcoin long position on Hyperliquid. However, CrediBULL Crypto says James Wynn’s Hyperliquid BTC long position runs a high risk of liquidation.
CrediBULL Crypto Is Pitching His Tent Against James Wynn
Pseudonymous cryptocurrency investor James Wynn has sent the cryptoverse buzzing after opening a Hyperliquid BTC long position. Per on-chain data, James Wynn’s new leveraged long position is valued at $1.25 billion and comprises 11,407 BTC.
The high-stakes investor has previously gone long on Bitcoin before taking partial profits. James Wynn’s previous $1.1 billion BTC long threatened to send the HYPE token price to $100. Now, Wynn has reopened the position while raising the stakes, but pundits are predicting a grim outlook for the trader.
Wynn’s Hyperliquid BTC long position is set at $105K, and with Bitcoin price trading at $108K, CrediBULL Crypto says Wynn will be lucky to avoid liquidation.
“A public, billion-dollar long position with liquidation less than 5% away NOT getting hunted is actually insane,” said CrediBULL Crypto. “It would actually seriously amaze me if this guy gets away with it.”
However, James Wynn is rippling with optimism, noting that the Bitcoin price will reach $121K next week, setting a new all-time high.
Crypto Expert Reveals Key Level For Hyperliquid BTC Long Position
In his X post, CrediBULL Crypto notes that investors have their eyes on the $107-$108K price point. He argues that prices must hold the level between $107K and $108K for Wynn’s $1.2B Hyperliquid BTC long position to avoid liquidation.
The crypto expert notes that a slip below $107K will send prices below the $105K mark, effectively liquidating the long position. On the other hand, CryptoBULL argues that if the price holds between the key levels, Bitcoin price will set a new all-time high.
“Bulls want 107-108K to hold for another crack at the highs, bears want us to lose this zone to trigger a move down to $105K and potentially trigger a larger liquidation flush.”
Bitcoin set a new ATH of $111,970 during the week, surpassing Amazon in market capitalization. However, investors are bracing for a bout of corrections driven by profit-taking by investors.
On the macroeconomic level, Trump’s 50% EU tariff announcement is fuelling speculation that the bull run is over. Yet, Bitcoin ETFs are recording impressive inflows, fuelling James Wynn’s Hyperliquid BTC long position for higher prices.
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