Bitcoin#BitEagleNews #Bitcoin❗ News: Whale James Wynn Returns with 19.5M Leveraged Long Position
By Aftab bashir
#BTC Bllionaire trader James Wynn has re-entered the Bitcoin market with a substantial 40x leveraged long position valued at over 19.5 million, initiated at an entry price of 117,000.
This position is at risk of liquidation if Bitcoin falls below 115,750, and Wynn has already incurred 1.4 million in funding fees. In a notable display of confidence, he has also placed a 10x leveraged long position in PEPE, worth 102,000, indicating optimism in both Bitcoin and the memecoin’s momentum.
In June, Wynn experienced a significant setback, losing nearly 25 million due to the liquidation of two 100 million leveraged positions as Bitcoin dipped below 105,000. He has since claimed that market makers tend to target his liquidation levels but asserts that they are “out of gun powder” now.
In contrast, another whale, Qwatio, has taken a bearish stance by opening a 2.3 million 40x short position, betting on a decline in Bitcoin's value.
Meanwhile, PEPE has shown a decline of over 3% in the last 24 hours but appears to be recovering from recent liquidation events.
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