COINOTAG News reports that as of June 1st, data from The Data Nerd reveals a noteworthy **high-leverage long position** held by a significant player, commonly known as a whale, following James Wynn on Hyperliquid. This particular **position is valued at $2.72 billion**, comprised of a **BTC/ETH pairing**. The whale’s **BTC long position** is extraordinarily leveraged at over 30x, with a **liquidation price set at $94,766**. Meanwhile, the **ETH long position** demonstrates a leverage of more than 25x, featuring a liquidation price of **$1,984**. Such high stakes in the cryptocurrency market highlight the intense strategies employed by experienced investors, emphasizing the potential risks and rewards associated with leveraged trading in volatile environments.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024