James Wynn was trying to escape liquidation on $BTC , but it didn't help him 📉
The popular whale closed part of a LONG position in BTC with a loss of $1,620,000. The liquidation price changed from $106,338 to $105,738.
James Wynn has liquidated a LONG position in BTC for almost $100M. This occurred when Bitcoin dropped below $105,000.
After which he wrote in X: “One thing for sure is that I have exposed just how corrupt these markets are. Guess it's better to just buy and hold BTC on spot / cold storage it.”
Afterward, he opened a LONG position in BTC over $179M. The liquidation price was $104,609 and after a while he decided to close his LONG position on BTC, leaving only a LONG position on $PEPE at $8.4m in his wallet.
He believes that closing his position will reduce the pressure on the market and allow Bitcoin to grow ... “Time to let $BTC run.You're welcome for the cheap prices.”
After James Wynn decided to long BTC again and now at $46M+. The entry price is $105,558.40 and the liquidation price is $101,867.83. Also increased LONG on PEPE to $16M+
What a beautiful situation account in James Wynn it was a week ago, but it looks like he won't stop until he zeroes out the account 😰
#Whale.Alert #JamesWynn #BTC #PEPE
