Legendary Whale Investor James Wynn Couldn’t Stand the Pressure: New Move on $1.2 Billion Bitcoin Position

According to cryptocurrency onchain data, James Wynn, one of the most talked-about traders in the crypto community recently, finally closed his large long position in Bitcoin (BTC). The data reveals that the trader closed $1.2 billion worth of BTC long positions, with the closure taking 47 minutes to be fully effected. The position was opened when the Bitcoin price was $108,921 and closed when it was $107,746. This means that the trader lost approximately $13.39 million on a single trade. Despite this loss, James Wynn’s net profit on all Bitcoin trades in recent days was recorded at $8.45 million. Related News: Previously Accurate Bitcoin Predictor Josh Mandell Shares New BTC Price Prediction: “It Will First Surge Here, Then Drop by 84%” Wynn, who is also known for his statements on social media platforms, recently claimed that big whales were working to liquidate him. The liquidation level of Wynn’s BTC position was around $ 104,000. However, the BTC price is trading at $ 107,654 at the time of writing. Wynn also paid a large funding fee to the decentralized cryptocurrency exchange Hyperliquid while he kept his position open. *This is not investment advice. Continue Reading: Legendary Whale Investor James Wynn Couldn’t Stand the Pressure: New Move on $1.2 Billion Bitcoin Position

Source: BitcoinSistemi