Whale Investor James Wynn Closes $1 Billion Bitcoin Short Position

Uk Jin

Summary

James Wynn reportedly closed a $1 billion Bitcoin short position.
He utilized 40x leverage to accumulate a total of 9,402 Bitcoins.
It is estimated that James Wynn incurred a loss of about $15.86 million from this position.

It has been reported that renowned trader James Wynn has closed a Bitcoin (BTC) short position worth $1 billion (approximately 1.368 trillion KRW).

According to AmberCN on the 25th (local time), James Wynn closed a Bitcoin short position worth $1 billion in the morning.

In this position, James Wynn used 40x leverage to accumulate 9,402 Bitcoins. The average opening price of the position was $107,069, and the closing price was $108,757. It is speculated that James Wynn incurred a loss of approximately $15.86 million (about 2.17 billion KRW) from this position.

BTC