Key Takeaways
- James Wynn, Hyperliquid traders cry out as market makers target him, suffering fresh liquidations.
- James Wynn pleads with other crypto traders to buy BTC and avoid his potential liquidation of around $104,500.
- The Bitcoin price suffers another setback, remaining within a trading range between $ 106,000 and $ 104,000.
Hyperliquid trader James Wynn, known for his huge trading capital for Bitcoin and PEPE, after getting liquidated of over $100 million a few weeks ago, returned to the market again with a new open position on BTC with over $1.25 billion with a desire to open a new long position of 40x for BTC.
Lookonchain, an on-chain data tracking platform, has identified James Wynn as a high-stakes trader and has enjoyed numerous successful withdrawals for PEPE and Bitcoin, holding trades for several days with huge unrealized profits, flaunting his gains on crypto Twitter (CT).
Things have taken a particularly rough turn following repeated liquidations, leading the Hyperliquid trader to suggest that the market makers are targeting him, as he has remained a strong target of liquidations over the last few weeks following his $100 million liquidation.
James Wynn has called on several crypto OGs and whales to buy Bitcoin and help him win the fight against the cabals or market makers controlling the market, as he wants to avoid liquidations around the $105,000 mark.
According to Arkham, the intelligence platform tracking on-chain crypto activities, has tweeted that James Wynn suffered a fresh Bitcoin liquidation of $25 million, as his pleas for help were futile, signaling a series of liquidations for James Wynn over the past few weeks.
Are the Market Makers Against James Wynn?
James Wynn, the anonymous high-stakes Hyperliquid trader, believes he is being hunted by crypto market makers, making him a single target, which he finds unfair. While he has called on former Binance CEO CZ to create the dark liquidity he has spoken about, other CT traders have called him a gambler with no real trading experience and lacking clear market direction.
Crypto Gordon and others have shown support for him as he urges them to buy more Bitcoin to save him.
The price of Bitcoin has remained in a range-bound movement over the last couple of days, now trading between $106,000 and $104,000, following a recent price retracement from its all-time highs to a region of $102,000, indicating strong demand for the price.
A breakout for a price above $108,000 with strong volume could see the price of BTC aim for a potential price target of $120,000. If the price breaks below the key zone of $100,000, we could see BTC price trade toward $97,000, acting as a liquidity zone for a potential long position.
