Crypto Whale Cashes Out $60M Position—Pockets $1.5M Profit While Still Betting $1.07B on Bitcoin
Another day, another whale making moves that’d make Wall Street blush. This one just locked in a cool $1.5 million profit by closing a $60 million position—chump change compared to the $1.07 billion long bet they’re still holding. Talk about playing with house money.
While traditional finance folks are still arguing about ’sound money,’ Bitcoin’s big players are quietly stacking gains—and probably laughing all the way to their non-bank custody solutions. Just another reminder: in crypto, the house always wins… until it doesn’t.
- Trader closes $60M BTC for $1.5M profit amid rising price and whale sell-offs.
- Holds 9,659 BTC long at 40x leverage with $28M unrealized gains, liquidation at $103,380.
- Wallet also holds $6.86M profit in kPEPE long, plus $3.82M in staked assets.
A crypto trader recently closed a $60 million Bitcoin position, realizing $1.5 million in profit as Bitcoin traded above $110,800. During a sharp price rise, the move was part of a larger series of large-scale liquidations carried out by high-value accounts. Despite these sell-offs, Bitcoin’s price remained resilient, supported by strong volume and limited circulating supply.
Top trader @JamesWynnReal closed 540 $BTC($60M) 20 mins ago, realizing a profit of $1.5M.
Worth noting: his previous 3 closings were followed by drops in $BTC price — keep an eye on this.
He still holds a long position of 9,659 $BTC($1.07B), with an unrealized profit of $28M.… pic.twitter.com/GwKlnpzIzU
On May 22, Bitcoin’s price traded around $110,856, marking a 2.8% increase. The 24-hour trading range spanned between $106,185 and $111,544. During this period, multiple large positions were closed in quick succession.
One transaction involved 5,945 BTC, valued at $633 million, and generated $8.85 million in profit. Another saw the closure of 3,520 BTC worth $369.7 million, with $6.1 million realized. A third trade moved 2,505 BTC, equating to $258.8 million, with a profit of $559,000.
The fourth closure, involving 540 BTC, accounted for the $60 million sale and a profit of $1.5 million. These moves occurred during increased bitcoin activity, with the asset’s total market capitalization exceeding $2.2 trillion. At the same time, daily trading volume reached over $71 billion, showing active participation in the market.
Whale Holds $1.07B in Active BTC Position
Despite taking profits on the 540 BTC closure, the wallet attributed to trader @JamesWynnReal continues to hold a major long position. The address currently maintains a 9,659.52 BTC long trade with an entry price of $108,065.5. This position is held at 40x leverage and is now valued at over $1.07 billion.
With Bitcoin trading NEAR $110,986, the position has an unrealized gain of roughly $28.2 million. However, accumulated funding fees have reached $2.65 million. The trade is under high leverage, with a liquidation price of $103,380, leaving a narrow margin for price declines.
Historical data shows that the trader’s previous three closures were followed by Bitcoin price drops, prompting market watchers to monitor future activity closely.
High-Risk Exposure in kPEPE and Staked Assets
The wallet, 0x5078C2fBeA2b2aD61bc840Bc023E35Fce56BeDb6, holds a total portfolio value of approximately $90.94 million. Of this, $87.09 million is locked in perpetual contracts. The spot holdings total $24,043, while staked assets are worth $3.82 million.
A second major open position involves over 15.96 billion kPEPE tokens on 10x leverage. Entered at $0.00959, and with the current price at $0.013886, the position is up $6.86 million. Funding fees for the trade have reached $1.12 million.
