James Wynn reduced his long position in $BTC to $440M, recording a loss of $4.4M, after increasing it again to $620M (5,676 BTC) , which he plans to earn $100M.
Despite his constant changes of direction he is confident that he can make $100M, and PNL on his account is still positive at $12.6M, although he has lost over $70M since May 23rd
At the same time, another anonymous trader made over $5M in 3 days by simply trading in the opposite direction: when Wynn opened long - he shorted, when Wynn shorted - he went in long