Top Crypto Trader Cashes Out $46M Bitcoin Profit, Eyes Altcoins Next

High-profile crypto trader James Wynn has begun paring down his Bitcoin holdings after riding 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, citing gains totaling $46 million from his positions.

Despite the slight retreat, he remains bullish in the short term, predicting Bitcoin could still climb to $118K or higher, followed by a consolidation phase that may open the door for altcoins to rally.

“Once BTC cools off near $122K, we’re likely looking at the start of alt season,” he commented.

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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, per 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.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.