《Explosive! Whale James Wynn's Thrilling Gamble: The Risky Game and Market Turmoil Behind a $1 Billion Short Position》
In the vast cryptocurrency market, the operations of whale James Wynn have always attracted attention. Yesterday, he first made multiple long positions, but unfortunately encountered a market correction, suffering heavy losses and being forced to close his positions. However, he did not stop there, but quickly reversed direction, opened a short position, and continued to add to it, eventually pushing the short position to an astonishing $1 billion.
What is staggering is that he set the liquidation price at 110450. This means that as long as the price of Bitcoin rises slightly by about 3%, he will face the painful ending of being liquidated. The high leverage ratio he used almost pushed himself to the edge of a cliff with no room for error. Logically speaking, someone like him, who has been in the cryptocurrency market for many years and is an experienced "master," should know the risks involved and would not make such a "low-level" mistake.
However, it is by no means easy to actually liquidate him, and it would take a huge cost to push the market. Perhaps because the market is about to open on Tuesday, the market gave him an extra day to breathe, so that the liquidation would not happen easily. Otherwise, if you can only rely on news to trigger liquidation, then it depends on whether Trump will suddenly throw out some major news. Once Trump's news causes the market to stop回调 (correction), James Wynn will be in extreme trouble.
In this thrilling gamble, will James Wynn become a desperate gambler, or will he use his superb trading skills to turn danger into safety and become a legendary figure in the market? At this moment, the entire cryptocurrency market is holding its breath and waiting to see the final direction of this thrilling game.
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