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.

Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)

![[Market] Bitcoin breaks below $70,000… Korea premium at 0.31%](https://media.bloomingbit.io/PROD/news/74018332-717e-4495-9965-328fe6f56cb4.webp?w=250)
