Most Famous Bitcoin Whale Closes Short Losses and Buys Bitcoin After Price Surpasses $108,000

Two prominent cryptocurrency traders have made positive moves in favor of Bitcoin, showing growing confidence in the asset as its price surges above $108,000.

James Wynn , a prominent trader, has closed his short position and moved to buy Bitcoin, reflecting a positive sentiment shift amid the market rally, according to Lookonchain .

At the same time, trader “ Aguila Trades ” doubled his long position to 2,201 BTC (worth about $238 million). These moves were verified by blockchain explorer Hypurrscan .

Both investors used leverage strategies and the timing of their entry shows a strong commitment to Bitcoin’s short-term uptrend, as BTC has broken above psychological resistance and is trading above $108,000 .

James Wynn and Aguila Trades both increased their bets on Bitcoin's rise, with positions worth hundreds of millions of dollars.

On-chain data from Hypurrscan confirms these transactions, reflecting expectations of a sustained uptrend in BTC.