Coindesk
Crypto News Source: coindesk.com
James Wynn, the Trader Who Bet $1B on Bitcoin, is Now Long Pepe
One of the most closely watched crypto wallets in recent weeks is now betting on pepe (PEPE), days after drumming up a record billion-dollar notional position on bitcoin BTC on the onchain trading platform Hyperliquid.The wallet has gone long on PEPE with $1 million at 10x leverage, flipping from billion-dollar bitcoin trades to high-stakes memecoin bets. The position is already up $500,000 as of European morning hours, with pepe up nearly 6% in the past few hours.Pseudonymous trader “James Wynn” — known as “moonpig” on decentralized exchange Hyperliquid — closed their $1.2 billion BTC long position with a $17.5 million loss on Monday.Wynn then opened a $1 billion short using 40x leverage, effectively wagering their entire $50 million wallet on...
SHIB Surges 5% After Mid-Day Dip, Defying Economic Tensions
Geopolitical tensions and shifting trade policies continue to influence cryptocurrency markets, with Shiba Inu 's SHIB token demonstrating remarkable resilience amid broader economic uncertainty.After experiencing a significant mid-day sell-off, SHIB staged an impressive recovery during the 22:00 hour, surging 3.0% on nearly 900 billion in volume before establishing a new resistance level at $0.0000147.Technical Analysis HighlightsHIB established a trading range of 0.000007 (5.24%) between the low of 0.0000139 and high of 0.0000147 over the 24-hour period.The token experienced a significant sell-off during the 15:00 hour, dropping to its lowest point before finding strong volume support.A decisive recovery occurred during the 22:00 hour where price surged 3.0% on nearly 900 billion in volume.Bullish momentum continued into the final hours, with SHIB...
TRX Surges 1.25% as High-Volume Support Zone Propels Price Higher
TRX has demonstrated remarkable stability amid broader market volatility, establishing a higher trading range between $0.269-$0.273 with significant volume support, according to CoinDesk Research's technical analysis data model.The resilience comes as traditional markets struggle with uncertainty from escalating trade disputes between major economies. While Bitcoin and other cryptocurrencies experience price fluctuations, TRX's consistent performance suggests growing institutional interest in blockchain networks with practical utility and strong transaction volumes. Technical Analysis HighlightsTRX established a 1.25% trading range ($0.269-$0.273) over the 24-hour period, showing notable resilience with strong buying at key support levels.Significant volume spike (120M+ units) during 09:00-11:00 hours coincided with price rallying from $0.270 to $0.273, forming a high-volume support zone. • The 23:00 hour showed renewed momentum on above-average...
Ethereum Surges After Holding $2,477, Fueled by Very Heavy Trading Volume
Global economic tensions and trade disputes continue to influence cryptocurrency markets, with ETH showing resilience despite broader market uncertainty.The second-largest cryptocurrency is currently navigating a critical technical zone between $2,500-$2,530, which analysts identify as immediate resistance that must be overcome for continued upward movement. Institutional interest remains strong, with spot Ethereum ETFs recording consecutive days of positive inflows, signaling growing confidence from larger investors despite the recent volatility.Technical Analysis Highlights24-hour ETH price action revealed a substantial 3.5% range ($99.85).Sharp sell-off during midnight hour saw price plummet to $2,477.40, establishing a key support zone.Extraordinary volume (291,395 units, nearly 3x average) confirmed the significance of the support level.Buyers stepped in at the $2,467-$2,480 support band, confirmed by high-volume accumulation during the 08:00-09:00...
Chart of the Week: Bitcoin Soars, But ‘Wen Lambo’ Crowd Is Missing From the Rally
What happens when retail logs off from crypto and Wall Street tunes in? Looking at bitcoin's BTC recent all-time-high, one would say it feels bullish and the industry is maturing. That might as well be the case, but we might not be there yet. So before we floor our Lambos, let's look under the hood. First things first, retail investors have basically ghosted this rally. A quick search on Google Trends using the keyword "bitcoin" shows that the surge that was seen back in 2021's bull market is non-existent. Back then, everyone and their grandmothers were Googling bitcoin, aping into altcoins and flooding the social media with rocket emojis. In 2025? It's a ghost town in retail-land. There was a...