He gave up: James Wynn closed his $1.1 billion BTC long position with a $12.4 million loss.
His sale of 10.5k BTC in just an hour caused Bitcoin’s price to dump from $108,200 to $107,154.
James Wynn believes that Bitcoin is forming a “golden cross,” during which long positions will be wiped out down to the $98k–$100k level before the price starts rising again.
We're expecting a new 40x leveraged long from him starting at $100k.
