Date: Thu, May 22, 2025 | 05:25 AM GMT
The cryptocurrency market has staged a powerful comeback in recent weeks following a bearish first quarter, where Bitcoin (BTC) saw a decline of 11%. But Q2 has told a very different story.
Fueled by a potent mix of institutional inflows, spot ETF momentum, and a surprisingly positive U.S.-China trade agreement, Bitcoin has surged over 35% this quarter. Today, BTC officially melted faces by hitting a new all-time high of $111,861 — setting a historic milestone for the king of crypto.
Legendary Hyperliquid Whale
According to the latest report from Lookonchain, one top trader is riding this rally like a pro. Hyperliquid legend @JamesWynnReal is currently sitting on a 40x leveraged long position of 10,200 BTC — worth approximately $1.14 billion — and is now enjoying an unrealized profit of over $39 million.
But it hasn’t been a smooth ride.
Just last night, BTC sharply pulled back from $109K to a low of $106K. In that volatile hour, Wynn’s position went from $17.5 million in unrealized profit to a staggering -$5 million loss, almost touching his liquidation zone.
However, with today’s explosive market rally, he narrowly survived his liquidation level around $103,800 — and is now firmly back in profit. The crypto community is watching closely to see whether he holds the position longer or locks in the gains.
With Bitcoin’s volatility at full force and new all-time highs being tested, all eyes are on this legendary whale and the broader market’s next move.
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