The cryptocurrency trader adjusts positions amid the market downturn

According to Odaily, on-chain analyst Yu Jin has reported significant trading activity from James Wynn amid a market correction. Wynn has closed his long positions in Ethereum (ETH) and Sui (SUI), incurring losses, while increasing his holdings of Bitcoin (BTC).

Wynn liquidated a leveraged long position of 25x of 24,506 ETH, resulting in a loss of $3.69 million. Additionally, he closed a leveraged long position of 10x of 4.85 million SUI, with a loss of $1.59 million.

In contrast, Wynn has expanded his leveraged long position of 40x in BTC to 11,070 coins, valued at $1.188 billion. The opening price for this position was $109,190, with a liquidation price set at $104,807. Currently, the position is experiencing an unrealized loss of $20.62 million.