Crypto trader James Wynn has further increased his position with the rise in Bitcoin (BTC) prices, reaching a total of $127 million in a large position.
James Wynn, who has often been in the news for his high-risk investments, continues his aggressive investment strategy by capitalizing on the recent upward trend in Bitcoin prices. Wynn draws attention with his opened futures position while seeming to accept the risks that come with high leverage.
According to current data, Wynn is maintaining a Bitcoin position worth approximately $127,190,000, equivalent to about 1,201 BTC, with a leverage of 40 times. The entry price of the position was around $106,073, while the current Bitcoin price is approximately $105,853.
High liquidation risk
The liquidation price of this massive position opened by James Wynn is at the level of $104,720. This situation creates a critical risk, as it is only $1,100 below the current market price. A small decline below this level could lead to the liquidation of Wynn's entire investment.
Although this aggressive investment move seems to contradict Wynn's previous statements, it is clear that the trader's high-risk appetite has attracted the attention of market players.
