James Wynn Increases BTC Leveraged Position to $120M Amid Price Surge, Secures $740K Unrealized Gains

According to on-chain analyst Yu Jin, James Wynn has capitalized on the recent BTC price rally by executing a strategic profit-taking maneuver. Wynn increased his leveraged long position from $100 million to $120 million, currently holding 1,133 BTC with a 40x leverage. This adjustment reflects a calculated risk management approach, with an entry price set at $105,938 and a liquidation threshold at $104,276. The position currently shows unrealized gains of approximately $740,000, underscoring the potential benefits of leveraged trading in volatile markets. This move highlights the growing trend among institutional investors to optimize exposure while managing downside risk in the cryptocurrency sector.