Mystery Whale’s $300M Bitcoin Bet: Is It James Wynn’s Alt?

<p>A mystery investor has opened a $300 million leveraged Bitcoin position, fueling speculation around their identity.</p><p>The unknown whale, or large cryptocurrency holder, opened a 20x leveraged Bitcoin (<img src="https://cointelegraph.com/bitcoin-price" alt="BTC">) long position worth over $308 million at the entry price of $108,100, <img src="https://hypurrscan.io/address/0x1f250df59a777d61cb8bd043c12970f3afe4f925" alt="Hypurrscan"> blockchain data shows.</p><p>The position currently shows an unrealized profit of more than $4 million and faces liquidation if Bitcoin drops below $105,780.</p><p>The trade has reignited speculation around James Wynn, a high-profile leverage trader who recently <img src="https://cointelegraph.com/news/crypto-leverage-trader-james-wynn-loses-25m-bitcoin-bet" alt="lost nearly $25 million"> in a separate liquidation on June 5, as Cointelegraph previously reported.</p><figure><img src="https://ipowercrypto.com/wp-content/uploads/2025/06/019759e5-4916-7a9c-b0ec-bbfc59ae0073.png" alt="Source: Hypurrscan&nbsp;"></figure><p>The long position was opened hours after Wynn announced that he is back under an anonymous account, without specifying the wallet address.</p><figure><img src="https://ipowercrypto.com/wp-content/uploads/2025/06/019759e5-4cf4-72d3-9ea1-ead92600f85c.png" alt="Source: James Wynn"></figure><p>&ldquo;I&rsquo;m back in the casino under an alt account so the cabal market makers can&rsquo;t find me,&rdquo; wrote Wynn in a June 10 X <img src="https://x.com/JamesWynnReal/status/1932308491437289695" alt="post">.</p><p>Blockchain data platform Onchain Lens also <img src="https://x.com/OnchainLens/status/1932404627104031153" alt="pointed"> out that Wynn may be behind the $300 million leveraged long.</p><figure><img src="https://ipowercrypto.com/wp-content/uploads/2025/06/019759e5-5109-7ddc-9d2a-e599435da97b.png" alt="Source: Onchain Lens"></figure><p><em><strong>Related:</strong></em> <img src="https://cointelegraph.com/news/apple-buy-bitcoin-stock-buybacks-michael-saylor" alt="&lsquo;Apple should buy Bitcoin,&rsquo; Saylor says, as share buyback disappoints"></p><h2>&ldquo;They are hunting me,&rdquo; claimed Wynn before $100 million liquidation</h2><p>After opening his second <img src="https://cointelegraph.com/news/james-wynn-2nd-100m-bitcoin-bet-hunting-me" alt="$100 million leveraged Bitcoin"> position, Wynn claimed that his liquidation level is being deliberately targeted by orchestrated efforts from major market participants.</p><p>&ldquo;They&rsquo;re coming for me again,&rdquo; wrote Wynn, disclosing his previous liquidation level in a June 2 X <img src="https://x.com/JamesWynnReal/status/1929530140599415210" alt="post">. &ldquo;Don&rsquo;t let these evil bastards liquidate me,&rdquo; he added.</p><p>Wynn also <img src="https://x.com/JamesWynnReal/status/1928844953771454667" alt="claimed"> that some of his personal accounts on cryptocurrency exchanges were &ldquo;closed overnight&rdquo; for no obvious reason.</p><p><em><strong>Related:</strong></em> <img src="https://cointelegraph.com/news/metaplanet-becomes-ninth-largest-bitcoin-holder" alt="Metaplanet becomes 8th largest Bitcoin holder with $118M buy"></p><p>While the identity of the mysterious whale remains unclear, the $300 million bet coincides with a renewed &ldquo;wave of institutional breakthroughs&rdquo; for Bitcoin, according to Nexo dispatch editor Stella Zlatareva.</p><p>&ldquo;Corporate treasury activity continues to expand,&rdquo; she told Cointelegraph, referencing <img src="https://cointelegraph.com/news/saylor-s-strategy-upsizes-stock-offering-from-250m-to-1b" alt="Strategy&rsquo;s $1 billion"> stock offering to fund its Bitcoin purchases, which was upsized from the previously announced $250 million.</p><figure><img src="https://ipowercrypto.com/wp-content/uploads/2025/06/019759e5-53e1-7763-bd48-aaea03f80f21.png" alt="Bitcoin ETF flows, USD, million. Source: Farside Investors"></figure><p>Adding to the rising investor sentiment, spot Bitcoin exchange-traded funds recorded $386 million worth of net positive inflows on Monday, June 9, recovering from a two-day sell-off, Farside <img src="https://farside.co.uk/btc/" alt="Investors"> data shows.</p><p>The structural inflows from ETFs and institutions may help <img src="https://cointelegraph.com/news/bitcoin-etfs-record-month-1-5b-inflows-2-days" alt="Bitcoin surpass the $200,000"> &ldquo;base case&rdquo; before the end of 2025, Bitwise&rsquo;s head of European research, Andr&eacute; Dragosch, told Cointelegraph.</p><iframe width="100%" height="315" src="https://www.youtube.com/embed/xTM8wI23mH0?start=" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen loading="lazy"></iframe><p><em><strong>Magazine:</strong></em> <img src="https://cointelegraph.com/magazine/bitcoin-price-breakout-signals-gamestop-buying-bitcoin-hyperliquid-whale-hodlers-digest/" alt="Bitcoin $200K &lsquo;obvious&rsquo; breakout, GameStop&rsquo;s first BTC buy: Hodler&rsquo;s Digest, May 25 &ndash; 31"></p>