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James Wynn's Bitcoin long positions with 40x leverage faced partial liquidation, still holding a position of 28 million dollars.
The latest monitoring data shows that the well-known trader James Wynn's Bitcoin and PEPE long positions have faced partial liquidation. Nevertheless, he still maintains a considerable scale of holdings. Currently, Wynn's Bitcoin long position is valued at approximately 28 million USD, with a leverage of 40 times; at the same time, he also holds a long position in PEPE tokens worth 6 million USD.
The day before, it was reported that this well-known on-chain investor had gathered approximately 344.7 Ethereum (worth nearly 900,000 USD) through multiple wallet addresses. He transferred these funds to a trading platform and exchanged 500,000 USD for USDC stablecoin. Subsequently, Wynn transferred this amount to a derivatives trading platform and opened a Bitcoin long position.
This series of operations reflects Wynn's positive attitude towards the cryptocurrency market, especially strong confidence in the future performance of Bitcoin and PEPE tokens. However, the partial liquidations caused by market volatility also remind investors of the importance of risk management.