40x leverage long position, James Wynn lost again... this time only a 'trifle'
On June 8th, on-chain data showed that James Wynn had closed his fully leveraged BTC 40x long position, ultimately losing only $70.71.
Yes, you read that right, this time it’s not a seven-digit loss, but seventy dollars.
Compared to the previous floating losses in the millions, this actually seems a bit 'decent' for him.
Maybe he was really afraid of being liquidated, or maybe he finally 'quit gambling' and rationally liquidated, but this small loss seems more like a reluctant return to reality from high-stakes gambling.
The bull market will eventually return, but whether the account can wait until that day depends on whether you are the first to calm down.
