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Legendary Whale Investor James Wynn Could Not Withstand the Pressure: Made a New Move in a $1.2 Billion Bitcoin Position!
According to crypto onchain data, James Wynn, one of the most talked-about traders in the crypto community recently, has finally closed his large long position in Bitcoin at (BTC).
The data reveals that the trader closed a BTC long position worth 1.2 billion dollars and that the closure process took a total of 47 minutes.
The position opened at a Bitcoin price of 108,921 dollars and closed at a level of 107,746. This reveals that the trader incurred a loss of approximately 13.39 million dollars in a single transaction. Despite this loss, James Wynn's net profit from all Bitcoin transactions in recent days has been recorded as 8.45 million dollars.
Wynn, who is also known for his statements on social media platforms, recently claimed that large whales were working to liquidate him. Wynn's liquidation level for this BTC position was around 104 thousand dollars. However, the BTC price is trading at 107,654 dollars at the time of writing this article. Wynn also paid a large amount of funding fees to the decentralized cryptocurrency exchange Hyperliquid while keeping his position open.