Excessive-profile crypto dealer James Wynn has begun paring down his Bitcoin holdings after using the most recent wave to new all-time highs.
Posting to X, Wynn revealed that he started locking in earnings as BTC traded between $110K and $111K, citing features totaling $46 million from his positions.
Regardless of the slight retreat, he stays bullish within the brief time period, predicting Bitcoin might nonetheless climb to $118K or larger, adopted by a consolidation part that will open the door for altcoins to rally.
“As soon as BTC cools off close to $122K, we’re possible trying at first of alt season,” he commented.
Wynn is now pivoting towards Ethereum, opening a daring 25x lengthy place price over $60 million at an entry level of $2,666. The commerce is already exhibiting early features, per blockchain analytics platform Lookonchain.
He’s additionally actively positioned in kPEPE, holding a $26.7 million leveraged lengthy, at present in revenue. Nevertheless, not all trades are going his approach—his SUI place, entered at $3.97 with 10x leverage, is at present exhibiting a loss approaching $500K.
Wynn’s aggressive positioning suggests rising confidence in a coming altcoin breakout, fueled by capital rotation following Bitcoin’s surge.
