Whale James Wynn opens 2 new long positions

• $BTC long with 30x leverage — liquidation at $94.8K
• $ETH long with 25x leverage — liquidation at $1,990

THIS CYCLE IS “DIFFERENT”

Bitcoin is now backed by institutions, not retail. BTC also shows less volatility.

Rosenblatt on CNBC: Buying BTC at record highs usually a bad idea… but this time, it’s different.

Saylor hints that Strategy has been buying $BTC this week.

“Orange is my favorite color.”

Crypto Watchlist for the week ahead:

$BTC - The Bitcoin Act bill to buy 1 million BTC will hit the US Senate floor next week

$KAITO - Infinex's airdrop for KAITO stakers will occur next week

$ETH - Ethereum is expected to announce a new initiative in collaboration with Base next week

$ICP - World Computer Summit starts on June 3. Some big announcements might be made during it

$AVAX - Infinex wallet will add support for Avalanche next week

$SKATE - Skate, an infrastructure layer that connects all VMs, is expected to launch its token in early June

$TAIKO - $46M worth of TAIKO (69% of its circulating supply) will be unlocked on June 5

James Wynn this, James Wynn that.

$80M in profit before the liquidation.
Dozens of engagement-farming threads about his every move.

But what does this situation actually tell us?

1) No one truly knows where price goes.

2) If someone had insider edge, they wouldn’t turn their positions into a marketing campaign.

3) Big size doesn’t mean high skill.

4) He is pretty bold… or just a gambler?

Top Bitcoin holders:

1. Satoshi Nakamoto: 1.1M BTC ($114B)
2. Coinbase: 983K BTC ($103B)
3. Binance: 619K BTC ($65B)
4. BlackRock: 600K BTC ($63B)
5. Strategy: 449K BTC ($47B)
6. Fidelity: 346K BTC ($36B)
7. Grayscale: 218K BTC ($23B)
8. U.S. Government: 196K BTC ($20B)

James Wynn Calls for Support Amid BTC Long Struggle

He has added margin to his $BTC long, lowering his liquidation price to $103,640.

ETH supply shock incoming

Exchange balances of Ethereum are collapsing — now at their lowest levels in 7 years.

Hyperliquid whale James Wynn reportedly lost millions and is now asking the community for money.

Degens, being degens, have already sent him over $5 million.

Arthur Hayes on James Wynn:

“I’m starting to think this might go down in crypto history as one of the best exchange marketing campaigns ever.

$HYPE is the winner. And this guy is probably just farming the next airdrop while countertrading himself from a shadow address.”

Reitar Logtech Plans $1.5B Bitcoin Buy

Hong Kong-based Reitar Logtech has filed with the SEC, revealing plans to acquire up to $1.5 billion in Bitcoin.

The move aims to strengthen the company’s reserves and hedge against financial instability.

Bullish sentiment dominates BTC and ETH mentions

According to Santiment, there are 1.3 bullish social media comments for every bearish one about Bitcoin — reflecting its strong correlation with the stock market and U.S. economic outlook.

Ethereum shows even stronger optimism, with a 3:1 bullish-to-bearish comment ratio.

Layer Team transferred $3.54M in $LAYER tokens to Binance.

A wallet linked to the Layer project team moved 4.15M $LAYER tokens to Binance. At current prices, the transfer is worth around $3.54M.

Sender address: 6JShxX9r19NyBgeGUpVaoPPstzkCZookAZNFN1uiKRd

Robinhood officially acquires crypto exchange Bitstamp.

The deal is expected to bring in around $65M in additional revenue by the end of 2025.

It strengthens Robinhood’s position in the crypto space and expands its international reach.