The Bitcoin Historian account (@Pete_Rizzo_) shares screenshots of a tweet published by renowned trader James Wynn. This high-risk leverage trader currently holds a long Bitcoin position worth $809 million.
“I’m not selling,” says the trader
In his tweet, Wynn stressed that he had no intention of selling, “I’m not selling. I’m buying them. I’m currently positioning at $89 million.” So far, he stressed that the market situation has unraveled the way he expected it to be.
Breaking: $800 million trader #bitcoin long says “He’s not selling, he’s buying”
Absolute madman. Higher🚀pic.twitter.com/wtfzph2xfb
– May 23, 2025, Bitcoin Historian (@pete_rizzo_)
This trader is known for his massive bets on meme coins. In 2023, he predicted that Pepe would skyrocket in market capitalization to $4.2 billion. Meme Coin’s current market capitalization is just over $6 billion after rising from $4.2 million in April 2023 when Wynn made its bullish forecast.
Wynn announced plans for Bitcoin as investors began selling, falling sharply two days after reaching an all-time high. However, Wynn remains tenacious, believing that BTC is turning back and trying to continue rising.
Michael Saylor remains bullish on Bitcoin
Vocal Bitcoin supporter, co-founder and executive chairman Michael Saylor has assured millions of X-followers that they will remain bullish on Digital Gold in the long run. His short tweet says “There are no tariffs on Bitcoin,” hinting at one of the major drivers that has pushed BTC down to the highest ever.
Traders are currently looking for broader bullish macroeconomic indications that could support further Bitcoin gatherings, similar to the recently achieved consensus on trade tariffs between the US and China.
On Thursday, Saylor announced on X-handle that his company Strategy (formerly known as MicroStrategy) is in a different move as he continues to raise funds to further expand Bitcoin Stash.
Saylor announced that the strategy is intended to raise $2.1 billion through sales preferred stocks (STRF). The company recently purchased nearly $2 billion worth of Bitcoin and currently holds 576,230 BTC worth $63,183,965,238.
