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According to recent data from **COINOTAG News** on May 29, prominent crypto whale **James Wynn** has significantly escalated his investment in **Bitcoin**, expanding his long position by an impressive factor of **40x**. This strategic move has resulted in a total position valuation of **$528 million**. Wynn’s entry price stands at **$108,339.2**, with a liquidation threshold set at **$106,450**. Currently, he is facing an unrealized loss of approximately **$2.58 million**. This development underscores the continuing volatility in the **cryptocurrency market** and highlights the complex strategies employed by high-net-worth investors. As Bitcoin fluctuates within a rapidly changing financial landscape, such prominent trades reflect the evolving nature of market sentiments and underline the need for caution among retail investors seeking to capitalize on similar opportunities.
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