According to BlockBeats On-chain Detection, prominent cryptocurrency investor James Wynn has significantly reduced his Bitcoin holdings. Within a span of just one and a half hours, Wynn liquidated positions worth $400 million, selling 3,688 BTC. This action decreased his total holdings from $830 million to $430 million.
During the liquidation process, the price of Bitcoin experienced a pullback of approximately $1,000, dropping from $107,500. The previous day, Wynn had halted his sell-off when Bitcoin's price approached his initial entry point, opting instead to increase his long positions.
