James Wynn, a crypto dealer who has shared his positions on X (formerly Twitter) platform, has quickly become popular after his large Bitcoin positions went viral. So far, James has opened several billion dollar positions and has gathered a major subsequent after his admirable victory. Crypto Trader has also managed to cross in 8-digit territory when it comes to winnings. Two of his Last business has caught attentionAnd this report looks at how the trader has handled these positions.
Billion dollars bitcoin long and short positions
While James Wynn had received a lot of attention to be a top 5 dealer on Hyperliquid PNL platform, his latest round of business has received even more attention. Last week, the Crypto Trader stunned society when he opened a long position of $ 1.2 billion, with 40x leverage. With a close liquidation price of $ 105,179, this seemed to be a risky position, and as Bitcoin price fluctuatedSo did PNL for the position.
When the Bitcoin price moved lower towards the weekend, the trader would Close this billion dollar long position For a loss of $ 13.4 million. Then James Wynn quickly turned directions and placed another billion dollar perp position, but this time in favor of the Bitcoin award going down.
With an entrance price that sits just over $ 107, this would prove to be a deadly decision for the trader when the Bitcoin price began to move upwards. Again, Wynn was forced to close this massive PERP position, resulting in a heavier loss of $ 15.87 million. In total, Perp trading lost almost $ 28 million over a 24-hour period, according to Hyperliquid data.
What is the next for James Wynn?
After the closure of his short position, James Wynn took to X (formerly Twitter) to deal with the situation. In the post he explained that after the huge losses he looked at no longer playing on Perps anymore. Besides, he revealed That despite the losses he remains $ 25 million in the green after starting an initial position of 3- $ 4 million.
The post drew speculation from the crypto community, with some who claimed that crypto dealers would not just stop shopping. This turned out to be right because only hours later Wynn was back on Hyperliquid to place several bets on new positions.
Crypto dealers initially focused on the longing PepeWhich has been one of his most profitable coins to shop and earn him over $ 25 million in profit. He soon opened another Bitcoin long position with an entry price of $ 109,733.
At the time of writing, James has closed his Pepe position after being almost liquidated when the Bitcoin price dropped. Bitcoin long position remains, but has been reduced by half to $ 439 million. In total, trade already took a loss of $ 4.4 million, and his Bitcoin position remains shaky to a loss of $ 4.12 million.
Diagrams from tradingview.com
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