From Cointelegraph

May 30, 2025 05:07:00 AM:

Bitcoin profit-taking is ongoing but can support the bull market, according to Santiment. Wallets are holding coins for less time, but this doesn’t indicate short-term speculation. One whale, Hyperliquid’s James Wynn, lost $99 million. Despite hodlers taking profits, BTC is expected to rise, Santiment’s Biweekly Report stated. The Mean Dollar-Invested Age metric shows a decrease in coins held in wallets from 443 to 426 days, suggesting an active market phase. Hyperliquid whale, James Wynn, lost $99 million as BTC price corrected below $105,000. Large amounts of BTC leaving exchanges and bullish sentiment despite price drop. Major long liquidations can cause sharp price drops. This article does not provide investment advice.

Read more at Cointelegraph: Hyperliquid’s Wynn has $99M Bitcoin liquidation