This is one of the largest long positions ever recorded on the decentralized trading platform.
However, his bullish conviction remains intact. EmberCN pointed out that Wynn began adding back to his long position immediately Bitcoin’s price began approaching his entry level again.
Meanwhile, Wynn’s bullish conviction contrasts with broader market sentiment, where several large traders lean short.
Considering this, market analysts believe this confluence of bullish sentiment, record ETF inflows, and rising institutional adoption can potentially push the top crypto to a new all-time high above the $110,000 level.
