A mysterious investor has opened a significant $300 million leveraged long position in Bitcoin, raising questions about their identity. The whale executed a 20x leveraged long worth over $308 million after James Wynn's previous $100 million position was liquidated, leading to a near $25 million loss. Currently, the new position shows an unrealized profit exceeding $4 million but is vulnerable to liquidation if Bitcoin falls below $105,780. Wynn indicated he is operating under an anonymous account to evade detection from market makers, claiming to be targeted for liquidation. Blockchain data has suggested Wynn's involvement in this major bet. Moreover, this activity coincides with a rise in institutional interest in Bitcoin, as noted by Nexo’s editor. Corporate treasury activities are expanding, as seen in a recent upsized stock offering for Bitcoin purchases. Additionally, spot Bitcoin exchange-traded funds experienced a healthy influx of funds recently, indicating a positive investor sentiment towards Bitcoin and its future potential.

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