Bitcoin whale James Wynn caught the attention of crypto markets today

Bitcoin whale James Wynn caught the attention of crypto markets today, May 21, by initiating one of the largest leveraged long positions ever seen

Bitcoin whale James Wynn has caught the attention of crypto markets today, May 21, with one of the largest leveraged long positions seen on a decentralized exchange.

As shared by multiple sources on X, including EmberCN, Wynn took a 40x leveraged long trade on Hyperliquid at an average price of $105,033 for 7,764 BTC. This initial position is valued at a staggering $830 million.

However, within 90 minutes, Wynn trimmed nearly half his position. He reduced his exposure to $430 million by 3,688 BTC, sparking speculation about profit-taking and strategic repositioning by the whale.

After trimming his position, Wynn's remaining exposure stands at 4,076 BTC, still maintaining substantial leverage with a liquidation price of $93,353.

Despite the reduction, Wynn remains firmly bullish. As Bitcoin's price once again approached his original entry level again, he began adding to his position. This suggests a high level of confidence in the asset's near-term upside.

Moreover, his aggressive strategy stands out against a broader market that currently leans bearish, with several major traders betting on downside movements.

Market Sentiment Divides: Qwatio Shorts $88M BTC as Wynn Goes Long

While Wynn bets big on Bitcoin's rise, other large players are moving in the opposite direction. One notable trader, Qwatio, recently shorted 826 BTC at $107,192 using 40x leverage.

This short position, valued at $88 million, reflects growing caution among some institutional traders. Such a sharp divergence in sentiment points to heightened volatility and the potential for rapid market swings for Bitcoin.

Meanwhile, Bitcoin continues to flirt with new all-time highs, reaching $107,000 its highest price since January. This breakout above long-standing resistance is drawing fresh attention from retail and institutional investors alike.

Bitcoin ETF Inflows Top $7B Since April; 99% of Holders in Profit

Adding to the bullish case for Bitcoin, record inflows into the U.S.-based spot Bitcoin ETFs have also strengthened the upward momentum. Since April, over $7 billion in net inflows have poured into these products. This surge indicates rising confidence in Bitcoin as a mainstream investment.

According to blockchain analytics from Sentora, nearly 99% of Bitcoin holders are now in profit. This statistic, remarkable for an asset often associated with volatility, underscores the strong foundation supporting Bitcoin's current price level.