Crypto Whales Like James Wynn Double Down on Bitcoin Bets

Big-money players are stacking sats again—just in time for the next halving hype cycle. Meet the whales betting Bitcoin''s volatile swings will tilt bullish.

Why now? Institutional FOMO meets post-dip opportunism. These aren''t retail traders chasing memecoins—these are cold-eyed accumulators with nine-figure bags. And they''re not waiting for Wall Street''s permission.

Of course, when whales move, minnows get whiplash. Just ask the leveraged degens who''ll inevitably get liquidated when these same players take profits. The casino always wins—especially when the house holds the biggest stack.

James Wynn is back with a new wallet

James Wynn, the risky trader who was liquidated several times, is most probably back with a new wallet. Previously, Wynn mentioned he WOULD be back on Hyperliquid, though trying to protect his position from liquidation. 

Wynn’s new wallet has a BTC position valued at more than $35M, with a liquidation price of $104,270. For now, the position has not been deliberately attacked, and has an unrealized profit of $1.3M. 

Wynn has been determined to hold the positions where possible and make even more outsized gains. Previously, he round-tripped a position with up to $100M in unrealized gains. 

This time around, other whales have surpassed Wynn with their larger positions, but there are few signs of deliberate counter-trading. 

In total, BTC open interest on Hyperliquid increased to $2.3B, though still below its peak of $4.48B. ETH and SOL open interests are also rising, with an uptick in general meme token and altcoin bets. One of the newly opened ETH positions is going short with 25X leverage, betting on a downward price move. 

Over time, Hyperliquid is also becoming less volatile, with fewer days of outsized gains, as well as a smaller amount of dramatic liquidations. 

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