PANews reported on May 27 that on-chain data showed that trader James Wynn continued to increase his Bitcoin long positions. His contracts currently hold 7307.44982 BTC, worth approximately US$802 million, with a liquidation price of US$108,620.

He also tweeted tonight that BTC's current breakthrough has verified his bullish judgment, and it is expected to hit $118,000 this week. He emphasized that his personal investment portfolio suffered a floating loss of $60 million in the earlier decline, but has now rebounded strongly to hundreds of millions of dollars, and mocked critics for "only being able to watch the rise of huge wealth."