Prominent cryptocurrency trader James Wynn has liquidated his long positions with Ethereum and Sui

James Wynn has closed his long positions on ETH and SUI, losing ~$5.3M. He then doubled down on BTC longs, pushing his position to 11070 BTC($1.19B) — now down over $20M including funding fees.

Prominent cryptocurrency trader James Wynn has liquidated his long positions with Ethereum and Sui at a loss of approximately $5.3 million as market conditions reversed.

The high-profile investor subsequently increased his Bitcoin (BTC) exposure, which currently stands at 11,070 BTC, worth roughly $1.19 billion.

According to blockchain analytics platform Lookonchain, Wynn’s aggressive position sizing has resulted in unrealized losses exceeding $20 million, including funding costs. The massive Bitcoin position faces liquidation risk at $104,820.

As the market dropped, top trader @JamesWynnReal closed his long positions on $ETH and $SUI, losing ~$5.3M.

He then doubled down on $BTC longs, pushing his position to 11,070 $BTC($1.19B) — now down over $20M including funding fees.

His liquidation price is $104,820. pic.twitter.com/HS2NyUtH2J

Major Bitcoin support zone identified at $107-108k

Cryptocurrency analyst CrediBULL Crypto has highlighted a crucial support zone between $107,000-$108,000 that could decide the fate of Wynn’s billion-dollar position.

The analyst emphasized that maintaining this price range is essential for preventing a liquidation that could pressure Bitcoin toward the $105,000 level.

An update on everyone's favorite whale and my thoughts on LTF $BTC PA to go with it:After taking partial profits Mr. Wynn re-opened the position higher up and added on even more size.Position is now at 1.2B with a liq price of 105k.Taking a look at the $BTC chart:The… https://t.co/rJe2YGdQqA pic.twitter.com/AmRvh1gg8g

“The green zone at 107-108k must hold for the 1.2B position to avoid liquidation,” the analyst noted. A successful defense of the $107,000-$108,000 range might allow another attempt at new all-time highs. However, the analyst mentioned that a breakdown could result in forced selling pressure.

The trading activity is a major change in Wynn’s portfolio allocation following his recent success with Pepe (PEPE) trades. Earlier this week, the trader closed all his PEPE long positions for a total profit of $25.19 million.

However, as the market reversed after Bitcoin hit a new all-time high, his Ethereum (ETH) and Sui (SUI) long positions couldn’t be sustained.