According to Cryptocurrency Onchain data, James Wynn, the most talked about whale trader on recent topics, has been providing alarm signals for several days.
James Wynn, a trader who gained particularly popularity in his on-chain transactions, earned $87 million in 70 days with decentralized cryptocurrency exchange lipids. But the unfortunate cryptocurrency whale has lost almost all of it in the last five days.
In his previous deal, it was reported that Wynn had made a profit of $65.2 million from the Pepe deal.
In the current situation, if you look at the on-chain position of a giant whale on high lipids, you will see that he holds a long position in Bitcoin with 40x leverage. Interestingly, the position was worth $528 million at $108,339, but now it’s a loss of $3 million and has paid $418,000 in trading fees.
Bitcoin is trading at $107,853 at the time of writing, and if BTC price drops to $106,440, Wynn’s position will be liquidated. However, Wynn may close positions or add more funds before liquidation.
*This is not investment advice.