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On May 21st, COINOTAG reported that prominent trader James Wynn has significantly increased his leverage in the cryptocurrency market, expanding his existing 40x BTC long position. Currently, Wynn’s holdings consist of 7,764.264 BTC, collectively valued at approximately $832 million. This strategic investment reflects a calculated entry price of $105,033.4, while his liquidation threshold is set at $100,330. Notably, his current unrealized profit and loss stands at $16.59 million. Such a substantial stake in Bitcoin highlights the growing confidence among seasoned traders as market dynamics evolve. As cryptocurrencies continue to attract institutional interest, Wynn’s actions exemplify a broader trend of commitment to the digital asset class, underscoring its importance in a diversified investment portfolio.
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