Summary
- James Wynn said that the price of Bitcoin will fall further.
- He said his large short (sell) position is currently active.
- However, he bought 50 Bitcoins and said he is increasing his spot holdings.
James Wynn, known as a whale of the decentralized exchange (DEX) Hyperliquid (HYPE), predicted that the price of Bitcoin (BTC) would fall further.
On the 18th (local time), James Wynn wrote on his X account, "(I believe the Bitcoin price) will still go lower, quite a bit," and said, "(My) large short (sell) position is still active."
However, James Wynn bought 50 Bitcoins that day. He said, "I always increase my long-term spot holdings after taking profits," and explained, "Just because I expect the price to fall further does not mean you should not take advantage of the opportunity now, because my prediction could be wrong."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
