Whale James Wynn's 40x Bitcoin Position Rebounds Close to Break-Even, Once Just $20 Away from Liquidation
Odaily Planet Daily News: According to Ember monitoring, the high-leverage BTC position of whale James Wynn once had an unrealized loss of $2.17 million, just $20 away from liquidation. However, BTC subsequently rebounded, allowing him to break even.
This position is a 40x leverage long position, holding 945 BTC, with a total value of approximately $100 million. The entry price was $105,890, and the liquidation price was $103,622. The market was widely concerned about whether BTC would fall below $103,610 to trigger liquidation, but the trend has now reversed, temporarily moving away from the risk zone.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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