Crypto whale James Wynn continues scaling down his leveraged Bitcoin position, now at $267 million with mounting losses totaling over $55 million weekly.
Cryptocurrency whale James Wynn has further reduced his 40x leveraged Bitcoin long position to approximately $267 million, with a liquidation price of $104,200 and currently facing a loss of $1.123 million. His trading account has experienced significant losses, reporting $11.886 million in 24-hour losses and $55.346 million in weekly losses according to Hypurrscan data. This represents a continued downsizing from his previous positions that were valued at over $600 million.