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HBAR/USD (TradingView)
GameFi Guides

HBAR Tumbles 3% as Institutional Investors Exit Positions

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Hedera Hashgraph’s HBAR token faced heavy selling pressure during a volatile 23-hour stretch between August 19 at 15:00 and August 20 at 14:00, sliding 3% from $0.24 to $0.23.

The token traded within a tight $0.01 band, marking a 4% spread between its session high and low, as traders adjusted exposure across alternative digital assets. Analysts highlighted the $0.24 level as a key point of resistance, where buying momentum faded and downward pressure intensified.

The most pronounced activity came during the final hour of trading on August 20, when volumes surged to 85.82 million HBAR.

Market observers noted that the token tumbled to $0.23 before staging a modest recovery into the close, a pattern that underscored the elevated volatility. The heavy turnover during this window suggests sellers were dominant, creating short-term weakness and testing key support levels.

Between 13:45 and 14:06, more than 3.8 million tokens changed hands, coinciding with the sharpest part of the decline. Prices briefly dipped to session lows before bouncing, as buying interest re-emerged to stabilize the market.

By the final minutes, HBAR recovered enough to close near $0.23, signaling that while downside risks remain, short-term support is holding for now.

HBAR/USD (TradingView)

Technical Indicators Analysis
  • Token declined 3% from opening price of $0.24 to closing price of $0.23 over 23-hour institutional selling period.
  • Trading range of $0.01 represents 4% spread between absolute session high and low.
  • Resistance level established around $0.24 where institutional buying interest diminished significantly.
  • Support level emerged near $0.23 with retail buying providing technical floor.
  • Elevated volume of 85.82 million during final hours confirms institutional distribution patterns.
  • Volume exceeded 3.8 million during peak selling period between 13:45-14:06 indicating coordinated liquidation.
  • Final 14 minutes showed technical recovery from $0.23 support level suggesting retail buying interest.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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Solana (SOL) Long Positions Up on Binance: Bullish
NFT Gaming

Solana (SOL) Long Positions Up on Binance: Bullish

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According to the latest data from Coinglass, traders are heavily favoring long positions for Solana, indicating growing optimism in the market.

The long/short ratio for SOL/USDT on Binance is 3.07, meaning that for every trader betting on a decline, there are more than three traders betting on a price increase. The ratio is even higher on OKX, reaching 3.62.

This marks growing confidence among both retail and institutional participants. Based on accounts, the long/short ratio is 2.89, and based on positions, it stands at 1.96.

Overall, the 24-hour long/short ratio is 0.95, showing a near-parity between long and short positions. However, exchange-specific data paints a more bullish picture for Solana.

Meanwhile, trading volume in the derivatives market has jumped 35%, reaching $13.87 billion. At the same time, open interest has dropped 7.34%, indicating that some traders may be exiting positions, signaling a sentiment shift or profit-taking behavior.

Options volume has increased nearly 50%, now totaling $1.51 million. However, options open interest has declined by over 22%, suggesting traders are opting for short-term bullish strategies rather than long-term hedges.

Sharp rise in liquidations clears up leveraged positions

Liquidation stats offer additional insights. In the past 24 hours, over $30 million worth of positions were liquidated—of which $26.92 million were long liquidations, while shorts lost only $3.5 million.

At first glance, this appears bearish. However, this could reflect a purge of overleveraged positions before a new upward move. 

Short-term intervals (1-hour and 4-hour) revealed more long liquidations, but short liquidations remained low (under $200,000), implying fewer active bearish positions or a retreat from shorts before volatility hit.

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This signals a market shakeout where weak hands are exiting, and stronger, well-capitalized traders are doubling down on long positions. Strong long/short ratios can be seen as an early indicator of short-term bullish momentum for SOL.

This behavior reflects growing confidence in Solana’s resilience, with increased on-chain activity and mounting ETF interest. At the current price range, the setup may present a favorable entry point for both short-term traders and long-term holders.

Meanwhile, Coinbase executive noted that the firm’s new MiCA license is proof that regulatory clarity leads to opportunity in crypto markets.



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Trader nets $5.6M in 3 days by betting against James Wynn positions
Crypto Trends

Trader nets $5.6M in 3 days by betting against James Wynn positions

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A trader made $5.6 million in three days by betting against James Wynn’s every move — a calculated counterplay or Wynn quietly hedging through a shadow wallet?

According to Lookonchain, a trader identified by the wallet address 0x2258 has recently netted $5.6 million in just three days by taking the opposite side of James Wynn’s positions — shorting when Wynn went long, and longing when Wynn shorted.

On May 24, 0x2258 began shorting both Bitcoin (BTC) and Ethereum (ETH) just as Wynn opened a long position on BTC. The next day, when Wynn closed his BTC long, 0x2258 closed his short for a $1.36 million profit. Later on May 25, as Wynn flipped from long to short, opening a BTC short position, 0x2258 reversed his stance again and opened long positions in BTC and ETH.

On May 26, when Wynn exited his short position, the counter-trader closed his long, netting an additional $2.54 million. That same day, Wynn re-entered a long position on BTC, prompting 0x2258 to short BTC and ETH again, accumulating an unrealized profit of $1.7 million at the time of reporting by Lookonchain.

0x2258’s trading behavior has sparked speculation on X that the wallet could somehow be linked to Wynn himself. One user said “If it smells like fish, tastes like fish, and swims like fish, it’s probably a fish,” sharing a screenshot of 0x2258’s account performance to highlight how precisely its gains mirror the losses or position changes of Wynn’s public trades.

Several users suggested Wynn might be hedging through a second wallet. One user said, “Hedging his own trades? Or Johnny used him as a countertrade signal—which he was, by the way.” Another user wrote:

“… No sane person keeps losing millions every day. He likely kept his positions hedged there or elsewhere. What he was really after was attention and engagement—and big money draws attention.”

He went on to suggest that Wynn may have intentionally positioned his trades to trigger liquidations in others near his own risk levels, using deep capital to manipulate the market in his favor while misleading everyone watching.

Source: @PrashantNandTi1

Wynn denied his association with 0x2258 wallet, responding to the Lookonchain post even before the wider thread discussion unfolded, stating:

“Not happy with this post at all. Whoever trader 0x2258 is, it is not me and I have no clue who it is. I only trade on one HL account and that’s public. Don’t start spreading fake news with zero proof.”





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Bitcoin whales
GameFi Guides

What Happened To The Bitcoin Whale Who Opened $1 Billion Long And Short Positions?

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

James Wynn, a crypto trader who has been sharing his positions on the X (formerly Twitter) platform, has quickly become popular after his large Bitcoin positions went viral. So far, James has opened multiple billion-dollar positions and has garnered a large following after his admirable win rate. The crypto trader has also managed to cross in 8-figure territory in terms of gains. Two of his latest trades have caught attention, and this report takes a look at how the trader has managed these positions.

Billion-Dollar Bitcoin Long And Short Positions

While James Wynn had been gaining a lot of attention for being a top 5 trader on the Hyperliquid platform in terms of PNL, his most recent round of trades have garnered even more attention. Last week, the crypto trader stunned the community when he opened a $1.2 billion long position, with 40x leverage. With a close liquidation price of $105,179, this seemed to be a risky position, and as the Bitcoin price fluctuated, so did the PNL of the position.

As the Bitcoin price moved lower toward the weekend, the trader would close this billion-dollar long position for a $13.4 million loss. After this, James Wynn quickly flipped directions and placed another billion-dollar perp position, but this time in favor of the Bitcoin price going down.

Source: X

With an entry price sitting just above $107, this would prove to be a fatal decision for the trader as the Bitcoin price began to move upward. Once again, Wynn was forced to close this massive perp position, resulting in a heavier loss of $15.87 million. In total, the perp trader lost almost $28 million in a 24-hour period, according to Hyperliquid data.

What’s Next For James Wynn?

Following the closure of his short position, James Wynn took to X (formerly Twitter) to address the situation. In the post, he explained that after the massive losses, he was looking at no longer playing at perps anymore. Additionally, he revealed that despite the losses, he remains $25 million in the green after starting with a $3-$4 million initial position.

The post drew speculation from the crypto community, with some arguing that the crypto trader would not just stop trading. This proved to be right as only hours later, Wynn was back on Hyperliquid to place multiple bets on new positions.

Source: Hyperliquid

The crypto trader initially focused on longing PEPE, which has been one of his most profitable coins to trade, earning him over $25 million in profit. He soon opened another Bitcoin long position with an entry price of $109,733.

At the time of writing, James has closed his PEPE position after almost getting liquidated as the Bitcoin price plummed. The Bitcoin long position remains, but has been reduced by half to $439 million. In total, the trader took a $4.4 million loss already, and his Bitcoin position remains shaky at a -$4.12 million loss.

BTC price trading in a tight zone | Source: BTCUSD on TradingView.com

Chart from TradingView.com

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