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.
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.
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