Posting to X, Wynn revealed that he began locking in profits as BTC traded between $110K and $111K, citing gains totaling $46 million from his positions.
High-profile crypto trader James Wynn has begun paring down his Bitcoin holdings after guiding the latest wave to new all-time highs.
Posting to X, Wynn revealed that he began locking in profits as BTC traded between $110K and $111K, detailing gains totaling $46 million from his positions.
“Finally took some profits on my main BTC position, entered at $37K in 2020 for a 200x realized multiple and over $46 million in profit. Time to rotate some capital into alts as they begin to heat up,” he stated.
Despite the slight retreat, Wynn remains bullish in the short term, predicting Bitcoin could still climb to $118K or higher, followed by a consolidation phase that may pave the way for altcoins to rally.
“Once BTC cools off near $122K, we’re likely looking at the start of alt season,” he added.
Wynn is now pivoting toward Ethereum, opening a bold 25x long position worth over $60 million at an entry point of $2,666. The trade is already showing early gains, according to blockchain analytics platform Lookonchain.
He’s also actively positioned in kPEPE, holding a $26.7 million leveraged long, currently in profit. However, not all trades are going his way—his SUI position, entered at $3.97 with 10x leverage, is currently showing a loss approaching $500K.
Wynn’s aggressive positioning suggests growing confidence in a coming altcoin breakout, fueled by capital rotation following Bitcoin’s surge.
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