A popular crypto trader incurs millions of dollars in losses amid Bitcoin's fluctuation. James Wynn, who at one point held a nominal position worth a billion dollars, faced a severe blow due to a decline in investor appetite for Bitcoin. Wynn's current position in Bitcoin, which uses high leverage, seems to be struggling to maintain, as he incurred a loss of nearly 100 million dollars over the past week. Data from the Hyperdash platform shows that Wynn's margin usage is nearing 100%, meaning his position could be entirely liquidated automatically. However, Wynn recently deposited an amount of 376,000 dollars to bolster his financial position and avoid liquidation. On-chain data indicates that Wynn's bets on Bitcoin, which uses leverage of up to 40 times, now carries an unrealized loss estimated at 3.5 million dollars, equivalent to a negative return of 77%. With Bitcoin currently trading near 106,000 dollars, just above Wynn's liquidation price of about 104,607 dollars, any further decline in the price of the digital asset could lead to an automatic and forced liquidation of his position. Don't let sudden volatility in the cryptocurrency market catch you off guard. Buy and trade currencies here: $BTC $ETH $BNB #TradingTypes101