According to @EmberCN on Twitter, the recent minor crypto market dip has pushed James Wynn’s leveraged long positions in Bitcoin (BTC), Ethereum (ETH), and SUI underwater, excluding PEPE. Wynn’s 40x long on 7,500 BTC, valued at $810 million with an entry price of $108,997, now faces a $5.21 million unrealized loss. His 25x long on 24,506 ETH, worth $62.21 million at an entry of $2,657, is down $2.91 million. A 10x long on 4.85 million SUI is similarly in negative territory. Traders should note the heightened liquidation risk and volatility for large leveraged positions, which could trigger rapid price swings and increased liquidations across the crypto derivatives market if further downside occurs (Source: @EmberCN).

According to Cas Abbé, Bitfinex BTC long positions are increasing rapidly, reaching levels similar to August 2024, which coincided with a market bottom. Additionally, significant spot BTC purchases by Bitfinex whales are observed, hinting at a potential bullish trend. This data suggests a favorable trading environment for Bitcoin, with possible rally initiation in the near future. (Source: Twitter @cas_abbe)