$600 million position, a 1.5% drop is the line between life and death: What exactly is James Wynn betting on?

On-chain tracking shows that top trader James Wynn continues to increase his BTC long position, currently holding 5,676 BTC, with a market value of approximately $622.6 million.

But the key point is: his liquidation price is $108,010, which is only 1.53% away from the current price! This means that the market only needs to pull back slightly, and his entire position could potentially blow up in an instant.

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