James Wynn, a cryptocurrency trader known for his high-leverage cryptocurrency bets, has entered a massive leveraged position in Ether, opening a 25x long position as ETH moves towards new highs above $4,860.
According to blockchain data, Wynn invested approximately $5,568 in margin to control a position of 29.3 Ethers valued at $139,215, with an average entry price of $4,239. At the time of writing this article, the position shows unrealized gains of $14,888, representing a profitability of over 267%.
Wynn also holds a 10x long position in Dogecoin, valued at $206,130 for 867,335 DOGE. With an average price of $0.2398, the trade is slightly submerged, with an unrealized loss of $1,886, with DOGE currently near $0.238.
In total, Wynn's combined leveraged exposure is $345,000, with a total capital of approximately $26,600. His margin utilization stands at around 110%.
