Whale James Wynn’s Bitcoin Long Position Turns Losses into $400,000 Gains Amidst Market Volatility

In a recent update from COINOTAG on June 3rd, on-chain analytics reveal that prominent whale **James Wynn** has successfully flipped a **40x Bitcoin long position** from significant losses into notable gains. Initially precarious, this position is now showing a **floating profit** of **$400,000**, with a **liquidation price** set at **$103,620**. The current valuation of the long position stands at an impressive **$100,420,044.11**, following an entry price of **$105,890.30**. Just last evening, Wynn’s strategy appeared to be on the brink of liquidation, hovering with a loss exceeding **$1.35 million** and a mere **$20 cushion** away from the liquidation threshold. This dramatic turnaround underscores both the volatility and potential profitability within the **cryptocurrency** market, particularly for skilled investors navigating its complexities.