James Wynn, an encryption trader who shared his position on the previous Twitter platform, became popular after the big Bitcoin position reached the virus. So far, James has opened billions of dollars of position and has won a big followers after winning with his victory. The encryption trader also crossed eight picture areas in terms of profit. Two of his latest transactions received attention, and this report examines how the merchant managed this position.
Bitcoin long and short location worth $ 1 billion
James Wynn is receiving a lot of interest in becoming five traders on the Hyperliquid platform in terms of PNL, but his most recent trading round attracted more attention. Last week, the crypto trader stunned the community when he opened a $ 1.2 billion position with a 40 -fold leverage. The liquidation price was $ 105,179, which seemed to be a dangerous location, and as the price of bitcoin fluctuated, PNL was the same with the PNL of the location.
As Bitcoin prices drop by weekend, merchants will close a $ 1 billion long position with a loss of $ 13.4 million. Since then, James Wynn has quickly turned over and has another $ 1 billion perp position, but this time Bitcoin prices can fall.
If the entry price is more than $ 107, it will be a fatal decision for merchants as Bitcoin prices begin to rise. Once again, WYNN closed this massive puff position and caused $ 15.87 million in losses. According to Hyperliquid data, Perp Trader has lost almost $ 28 million for 24 hours.
What is the next step in James Wynn?
James Wynn closed his short position and visited X (previous Twitter) to solve the situation. In the post, he explained that he was no longer playing at Perps after a huge loss. He also said that despite the loss, he started with an early position of $ 3 million and maintained $ 25 million on the green.
The post depicts the encryption community speculation, and some argued that the password merchant will not stop trading. This turned out to be right a few hours later. Wynn returned to the beginning and bet several new positions.
Crypto Trader first focused on craving PEPE. PEPE was one of the most profitable coins in trading and gained more than $ 25 million. He soon opened another Bitcoin long position at the price of $ 109,733.
At the time of writing, James ended the position of Pepe after almost liquidated as Bitcoin prices plummeted. Bitcoin long positions remain, but half have decreased to $ 443 million. The total merchant has already lost $ 4.4 million, and his Bitcoin position is shaking at $ 4.1 million.
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