Bitcoin Long Positions Face Setbacks Amid Market Dip, Reveals James Wynn

COINOTAG reported on May 23 that the cryptocurrency market faced a minor correction, impacting various trading strategies significantly. Notably, James Wynn’s leveraged positions, excluding **PEPE**, have turned negative. His **40x long position** on **7,500 BTC** has a current valuation of **$810 million**, having entered the trade at an approximate price of **$108,997**, resulting in an **unrealized loss of $5.21 million**. In addition, Wynn holds a **25x long position** on **24,506 ETH**, valued at **$62.21 million**, with an entry point of **$2,657**, translating to an **unrealized loss of $2.91 million**. Furthermore, his **10x long position** on approximately **4.85 million SUI**, worth **$17.51 million**, is seeing an entry price of **$3.97**, accumulating an **unrealized loss of $1.75 million**. This market behavior underscores the **volatile nature** of crypto investments and the risks associated with high leverage.