May 25th According to Odaily Planet Daily, whale trader James Wynn has completely closed his long position in BTC worth $1.2 billion.
May 26th According to Deep Tide TechFlow, whale trader James Wynn has increased his Bitcoin short position to $377 million (approximately 3,523 coins). The opening price was $107,034.9, and the liquidation (forced closing) price is $118,380.
What is frustrating is that on May 24th, this trader had just posted a prediction that the price of Bitcoin would break $120,000 this week, while he himself closed all long positions and opened short positions, which is really infuriating.
But there was an exciting piece of good news in the morning. Brother James Wynn closed his short position worth $1 billion at around 6:09-6:15, near 107420, with a loss of $400 per coin, resulting in a total loss of $15.86 million when accounting for leverage. The price of Bitcoin also rose by about $800 to 108500 due to his proactive closing of the short.
Now those who were stuck can feel at ease.
