Onchain Lens recorded that James Wynn closed a 10x long position on DOGE, taking a profit of 2,835 USD, while also opening a small short position on BTC with 40x leverage.
The information was recorded by Onchain Lens and reported on August 29, stating the profit from DOGE and the action of opening a short on BTC, without further details about capital size or the exact timing.
MAIN CONTENT
James Wynn closed a 10x long position on DOGE, taking a profit of 2,835 USD.
Then opened a small short position on BTC with 40x leverage.
The information was recorded from the Onchain Lens monitoring system, report dated August 29.
What specific transactions did James Wynn undertake?
Short answer: Onchain Lens recorded that James Wynn closed a 10x long position on DOGE and then opened a small short position on BTC with 40x leverage.
Analysis: The monitoring data only states these two actions and the corresponding leverage figures. There is no additional information about the initial capital size or the exact timing of each order in the original report.
How much profit did James Wynn make from the DOGE position?
Short answer: The profit recorded when closing the long position on DOGE is 2,835 USD according to Onchain Lens data.
Analysis: The figure of 2,835 USD reflects the actual profit after closing a 10x long position on DOGE. The report does not specify the profit margin compared to the initial capital, so the % capital increase cannot be inferred from the available data.
What does opening a short position on BTC with 40x leverage mean?
Short answer: Onchain Lens recorded a small short position on BTC with 40x leverage opened by James Wynn.
Analysis: 40x leverage indicates that the contract size could be many times larger than the margin capital, while also increasing the risk of liquidation. The report does not provide information on the specific size of the position, so the impact on the portfolio cannot be assessed.
Does the Onchain Lens data source provide any additional details?
Short answer: The original report is based on Onchain Lens' recording on August 29, but does not provide further information about capital or the specific timing of each order.
Analysis: When the source only states actions and profit/leverage figures without additional details, assessing risk and the actual scale is limited. Additional data from wallets, on-chain transactions, or direct confirmation is needed for deeper analysis.
What risks should be noted when tracking actions using high leverage?
Short answer: High leverage increases both profit and liquidation risk; monitoring position size and capital management is necessary.
Analysis: The report mentions 10x and 40x but does not specify the margin ratio or stop loss, so investors cannot recreate a safe strategy from the available information. Caution is needed when assessing based on single monitoring records.
Frequently asked questions
How much profit did James Wynn take from DOGE?
Onchain Lens recorded a profit of 2,835 USD when James Wynn closed a 10x long position on DOGE.
What is the new BTC position's leverage?
Onchain Lens recorded a short position on BTC with 40x leverage, the size described as small but did not specify a number.
What date was this information recorded?
The data was recorded and reported on August 29 according to Onchain Lens in the original report.
Are there details about capital or profit %?
No, the report only states the absolute profit of 2,835 USD and the leverage levels, without providing a ratio to the initial capital.
Source: https://tintucbitcoin.com/wynn-chot-doge-lai-2-835-short-btc/
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