Bitcoin trader swaps $1.25B long for short as BTC price slides under $108K
From Cointelegraph
May 25, 2025 5:11 am:
Bitcoin failed to maintain $108,000 amid US trade war concerns, with traders unfazed about potential lower levels. Trump’s tariff comments led to snap losses, keeping BTC near multiday lows. Market participants criticized Trump’s impact on volatility. Traders like Keith Alan and Crypto Tony remain bullish, eyeing support levels. Trader James Wynn flipped from long to short on BTC, opening a $110 million short position. Expert Merlijn sees a price gap on CME Group’s Bitcoin futures as a short-term magnet.
Read more at Cointelegraph: Bitcoin trader swaps $1.25B long for short as BTC price slides under $108K