Bitcoin Whale Closes $60M Position for $1.5M Profit While Holding $1.07B Long Bet

• Trader closes $60M BTC for $1.5M profit amid rising price and whale sell-offs.
• Holds 9,659 BTC long at 40x leverage with $28M unrealized gains, liquidation at $103,380.
• Wallet also holds $6.86M profit in kPEPE long, plus $3.82M in staked assets.

A crypto trader recently closed a $60 million Bitcoin position, realizing $1.5 million in profit as Bitcoin traded above $110,800. During a sharp price rise, the move was part of a larger series of large-scale liquidations carried out by high-value accounts. Despite these sell-offs, Bitcoin’s price remained resilient, supported by strong volume and limited circulating supply.

On May 22, Bitcoin’s price traded around $110,856, marking a 2.8% increase. The 24-hour trading range spanned between $106,185 and $111,544. During this period, multiple large positions were closed in quick succession.

One transaction involved 5,945 BTC, valued at $633 million, and generated $8.85 million in profit. Another saw the closure of 3,520 BTC worth $369.7 million, with $6.1 million realized. A third trade moved 2,505 BTC, equating to $258.8 million, with a profit of $559,000.

The fourth closure, involving 540 BTC, accounted for the $60 million sale and a profit of $1.5 million. These moves occurred during increased Bitcoin activity, with the asset’s total market capitalization exceeding $2.2 trillion. At the same time, daily trading volume reached over $71 billion, showing active participation in the market.

Whale Holds $1.07B in Active BTC Position

Despite taking profits on the 540 BTC closure, the wallet attributed to trader @JamesWynnReal continues to hold a major long position. The address currently maintains a 9,659.52 BTC long trade with an entry price of $108,065.5. This position is held at 40x leverage and is now valued at over $1.07 billion.

With Bitcoin trading near $110,986, the position has an unrealized gain of roughly $28.2 million. However, accumulated funding fees have reached $2.65 million. The trade is under high leverage, with a liquidation price of $103,380, leaving a narrow margin for price declines.

Historical data shows that the trader’s previous three closures were followed by Bitcoin price drops, prompting market watchers to monitor future activity closely.

High-Risk Exposure in kPEPE and Staked Assets

The wallet, 0x5078C2fBeA2b2aD61bc840Bc023E35Fce56BeDb6, holds a total portfolio value of approximately $90.94 million. Of this, $87.09 million is locked in perpetual contracts. The spot holdings total $24,043, while staked assets are worth $3.82 million.

A second major open position involves over 15.96 billion kPEPE tokens on 10x leverage. Entered at $0.00959, and with the current price at $0.013886, the position is up $6.86 million. Funding fees for the trade have reached $1.12 million.