Whale James Wynn Faces $4 Million Loss on Massive 40x Bitcoin Long Position

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

In a recent update from COINOTAG News dated May 30th, data acquired from HypurrScan reveals significant developments in the cryptocurrency market. Notably, whale investor James Wynn has experienced a staggering unrealized loss of approximately $4 million on a massive 40x Bitcoin long position.

This specific trade carries a total value of $1.7834 billion, with an entry price set at $107,993.1. The precarious nature of Wynn’s investment is further underscored by the liquidation price, currently pegged at $104,610. Industry analysts are closely monitoring these trends, as they illuminate the vulnerabilities faced by even the most seasoned traders within the volatile realms of cryptocurrency.

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