Onchain Lens said Wynn took profit on Ethereum and Bitcoin long positions, then turned bearish on Bitcoin and was liquidated, wiping out gains made over the past six days.
James Wynn closed long positions in Ethereum and Bitcoin to lock in profits, then switched to a short Bitcoin position that was later liquidated, erasing all profit accumulated over the previous six days, according to Onchain Lens. The sequence highlights the speed with which leveraged crypto trades can reverse, especially when a trader moves from bullish to bearish positioning in volatile markets.