Veteran trader James Wayne has once again jumped into the Bitcoin Signal market, opening a 40x long position on 124.18 BTC as
Bitcoin price broke through key resistance at $93,000.
The position is estimated to be worth around $11.5 million and has over $211,000 in unrealized profit to date.
Vienna's move comes as the crypto fear-greed index has returned to neutral levels for the first time since the October crash, and the market has once again turned bullish.
The Coinbase Premium Gap Index has also recovered significantly after last month’s plunge, indicating that the selling pressure from the end of the year has eased.
Analysts believe that the current uptrend could signal the start of a long-term growth phase for Bitcoin. Accordingly, Bitcoin is still below its long-term trend, and price models predict its target price for this year is $218,000.
In addition to Bitcoin, Wayne also has a 10x long position on 364 million Pepe tokens (PEPE), with an unrealized profit of over $590,000 so far.
These actions reflect bullish sentiment and strong buying pressure amid US-Venezuela tensions and increased interest in the market from professional investors.
