Market analysts suggest that BTC’s price trajectory remains solid, backed by favorable regulatory developments and steady institutional participation.
Valentin Fournier, Lead Analyst at Blockhead, told CryptoSlate:
“The rebound shows the current market’s dependence on institutional and corporate flows. Without them, short-term rallies are at risk of losing momentum.”
However, while the broader market shows signs of resilience, the rebound triggered significant liquidation activity.
On May 24, he opened a long position worth roughly $1.25 billion, using 40x leverage and expecting the price to surge to between $118,000 and $121,000.
However, that bullish bet was short-lived. He closed the trade at a $13 million loss and pivoted to a bearish short position of equal size in less than 24 hours.
Despite the back-to-back losses, Wynn remains profitable overall.
Over the past 75 days, he has completed 38 trades on the platform, winning 17 of them and contributing $2.31 million in trading fees to Hyperliquid.
