On May 24th, COINOTAG News reported significant movements in the crypto market, particularly involving major whale investor James Wynn. As market pressures persist, Wynn has executed the liquidation of his long positions in Ethereum (ETH) and Sui (SUI). Through meticulous analysis, on-chain data reveals that he liquidated a 25x long position comprising 24,506 ETH, incurring a loss of approximately $3.69 million. Furthermore, a 10x long position of 4.85 million SUI was also liquidated, resulting in a loss of around $1.59 million.
Conversely, Wynn maintains a robust 40x long position in Bitcoin (BTC), which has been progressively reinforced, with the total position value now reaching an impressive $1.188 billion. The latest metrics highlight an entry price of $109,190 and a liquidation threshold at $104,820, currently reflecting an unrealized loss of $19.67 million. These actions underscore the volatile nature of cryptocurrency investments and the necessity for astute risk management strategies.