Is Bitcoin Price Dropping Because of James Wynn’s Long Bets? 📉
Institutional adoption and macro-conditions have traders bullish on Bitcoin, but recent price dips raise questions. James Wynn's high bets and liquidations may be affecting market dynamics, as BTC drops 11% from its peak.
Despite positive developments from South Korea, Spain, Russia, and Trump Media, traders suspect Wynn's outsize trades are causing volatility amid his accusations of market manipulation.
The market sees slight imbalance between shorts and longs, but on-chain flows suggest profit-taking after BTC's high. Wynn’s publicized liquidations and tweets spur volatility, but broader profit-taking and market dynamics play significant roles.
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