James Wynn Takes Profits: Whale Trader Reduces BTC Position from $830M to $600M

On May 21, COINOTAG reported significant market movements traced by on-chain analyst Cinder Monitor. Notably, whale trader James Wynn has strategically begun to **take profits**, executing a closure of **2,139 BTC** within a swift 15-minute window. This maneuver has effectively reduced his leveraged position from an impressive **$830 million** to **$600 million**. In contrast, another prominent whale, who initiated a **short position** with a substantial **40x leverage**, has adopted a hold strategy, showing no recent activity since entering the trade earlier in the day. This trader remains in a profitable standing, highlighting the complexities of leverage trading in the current market landscape. Investors and traders alike should remain vigilant, as the movements of such large holders can significantly influence market sentiment and price volatility.