Bitcoin Surge Turns Whale James Wynn’s 40x Long Position from $15M Loss to $2.5M Profit

COINOTAG reports that as of May 28th, an **astute trader** named James Wynn capitalized on the recent **Bitcoin surge**, converting a staggering **40x BTC long position** from an adverse state to profitability. Currently, his long position stands at **5,063.59 BTC** with an entry price of **$109,807.1**, while the liquidation threshold is set at **$107,980**. Initially, this position incurred a significant unrealized loss of **$14.817 million**, compounded by a **$540,000 loss** from a concurrent **PEPE long position**, culminating in overall losses of **$15.357 million**. Notably, despite these setbacks, Wynn has reported an impressive total profit exceeding **$56.637 million** since the beginning of May, reflecting a net profit exceeding **$40 million** this month alone. This remarkable recovery underlines the volatility and potential rewards inherent in the cryptocurrency market.