In a notable development within the cryptocurrency market, COINOTAG reported on May 21st that prominent crypto whale James Wynn has liquidated a significant portion of his holdings, amounting to 2,115.39 BTC. This strategic move has resulted in a reduction of his leveraged Bitcoin position to $268 million, utilizing a 40x leverage strategy. As of the latest figures, Wynn’s position size stands at 2,524.86 BTC, with an entry price at $105,033.4 and a liquidation price set at $84,576. Notably, his current unrealized profit and loss is at $2.72 million, while the realized profit and loss totals $14.57 million. These figures underscore the volatility and risks inherent in the crypto trading landscape, emphasizing the importance of prudent risk management for investors navigating this dynamic environment.
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