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A crypto trader on the hyperliquid platform named James Wynn opened a short bet of almost a billion dollars against Bitcoin with a 40x lever effect, while Michael Saylor alludes to another BTC Buy strategy.
According to a May 25 x job By the Lookonchain chain analysis platform, Wynn “opened a short-term position $ BTC of $ 1,038.7 BTC ($ 111.8 million) at $ 107,711.1 one hour ago, with a liquidation price of $ 149,100.
With this recent trade, Wynn has almost put its whole portfolio, which contains nearly $ 50 million, at stake.
Wynn closes its massive bitcoin position at a loss
Wynn’s move comes only a few hours after the merchant closed a long massive bet.
With this long bet, Wynn also opened a position of $ 1.25 billion with a 40x lever effect. He even predicted that Bitcoin would rise to $ 110,000 on May 24 on Saturday.
I think $ BTC draws $ 110,000 today
– James Wynn 🐳 (@jameswynreal) May 24, 2025
However, the Bitcoin price increased from around $ 107,300 to around $ 108,000 on Saturday. It prompted Wynn to reduce its losses on the position, which, according to For Lookonchain, held around $ 13.4 million.
Saylor teases another bitcoin strategy Buy
While Wynn is betting against Bitcoin, the co-founder of the Saylor strategy has picked up another bitcoin purchase by his business, even after the main crypto withdrew from the top of all time (ATH) of 111,907.17 $ he set on May 22.
I only buy bitcoin with money that I cannot afford to lose. pic.twitter.com/h7pnfb8yvu
– Michael Saylor (@saylor) May 25, 2025
“I only buy Bitcoin With money, I cannot afford to lose, “Saylor wrote to his 4.3 million x subscribers in an article on May 25. He also included an snapshot of the Saylortracker table in the post.
In recent weeks, Saylor’s items that included the Saylortracker table have been followed by an announcement of a new purchase of strategy bitcoin. If the company announces another purchase today, it will not only increase its current operating On 576,230 BTC, he will also mark the seventh consecutive week of Bitcoin’s purchases from the company.
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