After $5.3M Bloodbath, Defiant Investor Plows $1.2B Into Bitcoin Gamble

Wall Street’s latest high-stakes drama unfolds as a bruised trader swaps red ink for orange coin.

From wreck to redemption—or recklessness? One financier’s nine-figure crypto Hail Mary raises eyebrows across traditional markets.

Because nothing says ’risk management’ like doubling down with twelve zeroes after a multimillion-dollar faceplant.

Major Bitcoin support zone identified at $107-108k

Cryptocurrency analyst CrediBULL crypto has highlighted a crucial support zone between $107,000-$108,000 that could decide the fate of Wynn’s billion-dollar position.

The analyst emphasized that maintaining this price range is essential for preventing a liquidation that could pressure Bitcoin toward the $105,000 level.

An update on everyone’s favorite whale and my thoughts on LTF $BTC PA to go with it:

After taking partial profits Mr. Wynn re-opened the position higher up and added on even more size.

Position is now at 1.2B with a liq price of 105k.

Taking a look at the $BTC chart:

The… https://t.co/rJe2YGdQqA pic.twitter.com/AmRvh1gg8g

“The green zone at 107-108k must hold for the 1.2B position to avoid liquidation,” the analyst noted. A successful defense of the $107,000-$108,000 range might allow another attempt at new all-time highs. However, the analyst mentioned that a breakdown could result in forced selling pressure.

The trading activity is a major change in Wynn’s portfolio allocation following his recent success with Pepe (PEPE) trades. Earlier this week, the trader closed all his PEPE long positions for a total profit of $25.19 million.

However, as the market reversed after Bitcoin hit a new all-time high, his ethereum (ETH) and Sui (SUI) long positions couldn’t be sustained.