Based on data from HypurrScan, famous whale James Wynn has just raised the total value of his Bitcoin short position to over 1.003 billion USD, equivalent to 9,402.73 BTC. This is a position using leverage up to 40 times, showing the extremely strong risk and expectation of Bitcoin price decline from this investor.
The opening position price was recorded at 107,077.2 USD/BTC, while the liquidation price was set at 110,450 USD/BTC. This means that if the Bitcoin price rises above the aforementioned liquidation level, James Wynn's position will be automatically closed, causing significant losses. However, as of now, this short position is recording an unrealized profit of around 3.11 million USD.
The whale James Wynn's execution of such a large short position is attracting the attention of the cryptocurrency investment community.
