Major Crypto Investor Places $830M Long Bet as Bitcoin Eyes New Highs

A major crypto investor has made waves in the derivatives market, opening one of the largest long positions ever seen on a decentralized exchange.

According to blockchain data, a wallet linked to trader James Wynn opened a high-leverage Bitcoin position worth hundreds of millions—highlighting renewed confidence in the asset amid shifting market dynamics.

The trade, spotted on May 21 by on-chain analyst EmberCN, involved a leveraged long position on the Hyperliquid platform totaling 7,764 BTC, worth approximately $830 million at the time. With 40x leverage, the investor placed his liquidation threshold just under $100,330, suggesting a high-risk, high-conviction bet on Bitcoin’s continued rally.

Shortly after opening the trade, Wynn reportedly reduced his exposure by half—locking in roughly $400 million worth of gains—before reentering the market as prices hovered near his original entry. His positioning signals a bullish outlook, even as other major players appear to be betting against the trend.

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While Wynn builds exposure, analysts like Joao Wedson from Alphractal are observing a spike in short interest from other whales. One trader, known as Qwatio, opened a 40x leveraged short valued at over $88 million, indicating that sentiment remains divided among high-net-worth participants.

Bitcoin has recently broken through key resistance, briefly touching $107,000, its highest level since January’s record run. According to data from Sentora, nearly 99% of BTC holders are now in profit, reinforcing bullish momentum.

In parallel, U.S.-based spot Bitcoin ETFs have attracted substantial interest, drawing in $7 billion in net inflows since April, pointing to accelerating institutional adoption. Many market observers now believe this convergence of factors could pave the way for a push beyond $110,000, setting the stage for a potential new all-time high.

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.