Brutal whale hunt.

As $BTC dropped below $108,000, top trader James closed part of his $BTC and $PEPE longs, taking a $4.4M loss to reduce his liquidation risk.

Current position: 5,782 $BTC($626M)

Liquidation price: $107,387.82

Unrealized PnL: -$10.5M

https://x.com/lookonchain/status/1927044295187399069