PANews reported on May 26 that on-chain analyst Yu Jin monitored that the whale James Wynn liquidated his $1 billion short position to stop losses between 6:09 and 6:15, incurring a loss of $15.86 million.
The whale opened a short position of 9,402 BTC at an average price of $107,069 with 40x leverage yesterday, with a position value of $1 billion.
At 6:00 AM this morning, BTC started to rebound, and he decided to stop loss and close the position at 6:09, completing the liquidation of the $1 billion position in just 6 minutes.
Opened a short position at an average price of $107,069, closed at an average price of $108,757, with a loss of $15.86 million.
