Well, well, well. Hold on to your hats, ladies and gentlemen, because according to James Wynn—a man who has been enthusiastically betting on Bitcoin for what seems like a lifetime—the cryptocurrency is about to do something miraculous. Yes, that’s right, he’s just published a tweet, complete with a graph that appears to show Bitcoin doing… well, something good. “Breaking local downtrend,” he’s called it. How very technical of him.
And of course, because no prediction is complete without an army of enthusiastic followers to add fuel to the fire, enter @AltcoinGordon. With a follower count that could make a minor celebrity blush—768,000, to be precise—he’s chucked in his own prophecy. A cool $115,000 for Bitcoin by week’s end. Yes, you read that right. A new all-time high. Apparently, we’re supposed to believe that Bitcoin, which just recently got a near miss at $112,000, is about to break the bank. Or perhaps break the internet. Who knows?
$115K by the end of the week
Bookmark it
— Gordon (@AltcoinGordon) June 4, 2025
James, not one to miss out on a trend, chimed in with a succinct “Shorts rekt yes agreed.” Well, that’s certainly helpful, isn’t it? A fine contribution to the discourse. All we need now is a few more cryptic one-liners to make sense of this heady mess.
But let’s not get ahead of ourselves. For those with a taste for the dramatic, the tale of James Wynn is one of triumph and tragedy. A few weeks ago, this trader closed a gargantuan $1.25 billion long position in Bitcoin. It ended in tears—a loss of $13.4 million. And just as his tears began to dry, Bitcoin’s price dipped 1.3% on the Hyperliquid platform. If that’s not a perfect metaphor for the world of cryptocurrency, I don’t know what is.
Top Bitcoin ETF Holders Revealed
And as if the day wasn’t already bizarre enough, let’s talk about Bitcoin ETFs. Erik Balchunas, Bloomberg’s resident ETF sage, has shared a tantalizing little tidbit with us mere mortals. Turns out, the top holders of Bitcoin ETFs are not your average weekend crypto enthusiasts. No, these are the heavy hitters—investment advisors, hedge fund managers, brokerages, and even governments. Because why shouldn’t governments be involved in this lunacy?
According to the 13F filings (which we can only assume are the financial equivalent of ancient scrolls), investment advisors are currently sitting pretty with 124,753 Bitcoin worth over $10 billion. Hedge funds are next, holding a rather respectable 83,934 BTC, and brokerages trail behind with 25,964 BTC. Surprisingly, governments are in the fifth spot, holding 4,956 BTC worth more than $408.5 million. A little government intervention never hurt anyone, right?
But wait, there’s more! Balchunas, ever the optimist, predicts that as Bitcoin adoption grows, these figures will climb to a cool 35-40%. So, prepare yourselves, dear reader. The Bitcoin revolution is just getting started… allegedly.
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2025-06-04 17:55