Shouting orders while reducing positions? Whale James Wynn with 40x leverage reduced his position by 2,566 BTC, pocketing a profit of 3.18 million USDT. Current positions:
1. 40x BTC long position, profit of 4.7 million USDT;
2. 10x PEPE long position, profit of 10.54 million USDT.
James Wynn: Going all in on long positions, BTC will rise to around $118,000 by next weekend.
James is currently the "man of the hour," having made $38.78 million in contract profits over the past two months, mainly by going long 40x on PEPE and BTC.
His latest view is that since BTC reached a local low of $74,000, the price has been running within a channel, only touching the bottom support twice. I predicted this "breakout" on Sunday, and it turned out to be a false breakout created by market manipulators who lowered the price to liquidate those FOMO (Fear of Missing Out) long positions.
I focus on liquidation heatmaps, and from the charts, it seems there's little point in pushing the price further down. They've already achieved their liquidation goal by suppressing it to $102,200. Additionally, $100,000 is now a very strong psychological support level. I know there are definitely a lot of limit buy orders waiting to support at prices like 99k, 98k, 97k, etc. I'm not sure if the big players have enough firepower to push the price even lower; it feels like they're already exhausted.
Seeing this, I decided to increase my positions and go all in. At that time, the hourly chart showed bulls starting to engulf the previous candlestick, and many "paper hands" had already been washed out. From the weekly level, the MACD is also turning bullish for the first time since last November/December. Are you telling me we're going to reverse and break down at this point? I tend to think this is just short-term noise and volatility, a brewing stage before Bitcoin's big rise.
I believe by next weekend, we'll see Bitcoin trading around $118,000. Of course, there may still be fluctuations in between, but please stay calm, don't mess up your chips, manage your risks well, and look forward to new highs.
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