According to Lookonchain, whale 0xc653 has capitulated by closing a massive 1,200 BTC ($126 million) long position on Hyperliquid, resulting in an $8.25 million loss within the past hour. Throughout May 21 to 27, this trader had previously netted $1.95 million from seven successful trades. The abrupt closure and withdrawal of all funds from Hyperliquid highlight significant volatility and shifting sentiment among large-scale BTC traders, signaling potential downside risk and increased caution for crypto market participants. Source: Lookonchain (twitter.com/lookonchain/status/1928380193304891757)

According to Ai 姨 (@ai_9684xtpa), James Wynn has significantly reduced his Bitcoin long position, lowering it to $573 million, which is nearly half of his previous peak exposure. This move comes after BTC reached its all-time high, suggesting a shift towards risk management and profit securing. Wynn's current position stands at 5,188.4 BTC, with an entry price of $108,065.5 and a liquidation price of $95,754. The trade is currently showing an unrealized profit of $13.04 million. This sizable reduction in leverage by a well-known trader is likely to impact short-term market sentiment and could lead to increased volatility in Bitcoin trading, making it a key development for crypto market participants to monitor (source: @ai_9684xtpa, Twitter, May 22, 2025).