Snapshot as of 05 June 2025, 00:30 UTC
Asset: BTC
Leverage: 40x
Position Size: 776.92 BTC
Position Value: $81,428,437.81
Unrealized PnL: -$977,172.18
Entry Price: $106,066.70
Current Price: $104,809.00
Liquidation Price: $103,938.96
Margin Used: $2,035,710.95
Funding Paid: -$68,590.78
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Cutting Half to Stay Alive
After a near-death experience on June 4th, James Wynn did what many thought he wouldn’t: he slashed his position by nearly 45%, dropping from 1,391.32 BTC to just 776.92 BTC.
The move wasn't a retreat — it was survival.
Still leveraged at 40x, his new liquidation price sits only $870 below the current market price. The margin of error remains razor-thin. But Wynn has bought himself more time, more breathing room, and, perhaps, another shot at glory.
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A Million in the Red — and Counting
Despite reducing risk, Wynn is still sitting on nearly $1 million in unrealized loss, and his entry price is unchanged. The market remains below his breakeven point, and the position continues to bleed through both price and time. Funding fees now top $68,000, eating directly into his capital.
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A Tactical Retreat — or the Beginning of the End?
This shift could be interpreted two ways:
Prudent recalibration after dancing too close to liquidation;
Or a final attempt to delay the inevitable as the market fails to break higher.
With BTC hovering just above $104k, Wynn’s high-leverage bet has become a war of attrition — every hour, every tick, and every funding fee counts.
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Genius or Madness — Chapter II
Wynn’s position is no longer as massive, but it's still wildly risky. He’s still playing on the edge — but with less capital on the line. Was the reduction a sign of discipline, or did he blink first?
Regardless, one thing’s clear: he’s not out — and not yet liquidated.
As BTC trades sideways and macro uncertainty looms, Wynn’s trade remains one of the most closely watched in the crypto leverage world.
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To Be Continued…
Will he reload? Will BTC rebound? Or will time — and fees — do what price couldn't?
Stay tuned. This isn’t over.
