BTC Analyst Yu Jin Increases Long Position as Price Retraces, Holding 2675 BTC Worth $279 Million

On May 20th, COINOTAG reported significant movements in the Bitcoin (BTC) market, particularly by notable investor James Wynn. Renowned on-chain analyst Yu Jin noted that Wynn strategically increased his BTC exposure as the price retraced to his initial entry point. With a reduction of his long position from **$570 million** to **$190 million**, Wynn effectively secured a **$6.2 million profit**. As the market dipped, he paused his selloff and re-entered with a robust long position. Presently, Wynn holds **2,675 BTC** leveraging **40x**, translating to an estimated worth of **$279 million**. His targeted entry price stands at **$103,629**, while his liquidation threshold is set at **$87,765**. Such calculated moves underscore the volatility and trading strategies prevalent in today’s cryptocurrency landscape, attracting attention from seasoned investors and analysts alike.