Whale James Wynn’s Bitcoin Long Position: $100K Loss Reduced Amidst Near Liquidation

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

On June 3rd, COINOTAG News reported that renowned crypto whale James Wynn has adjusted his strategy amid fluctuating market conditions. According to on-chain data, his newly initiated 40x Bitcoin long position experienced a floating loss that dwindled to $100,000 as of yesterday. The position boasts a size of $99,984,429.46 with an entry price established at $105,890.3. Significantly, Wynn’s long position was perilously close to liquidation, hovering just $20 beneath the threshold yesterday evening, where the liquidation price stands at $103,620. This development underscores the volatility inherent in the cryptocurrency market and the strategies employed by seasoned investors to navigate such risks.