James Wynn Locks in $12.46 Million Profit on BTC Position Amid Market Swings

In a noteworthy development within the cryptocurrency sector, as reported by COINOTAG on May 20th, **James Wynn** has successfully capitalized on a substantial upside in Bitcoin (BTC) trading. His leveraged position, amounting to **$563 million**, has generated an impressive **$12.46 million** in realized profits, according to data from Ember Monitor. With a 40x long position on BTC, even a modest **1% price fluctuation** leads to significant unrealized gains or losses, quantified at **$5.63 million** per swing. Just **40 minutes prior** to this announcement, Wynn prudently took profits, liquidating **189 BTC**, which translates to approximately **$20 million**, at the favorable price of **$105,745**. This action underscores the volatility inherent in the crypto market while highlighting the strategic maneuvers executed by seasoned investors in pursuit of maximizing returns.