The trading activity of James Wynn, a well-known trader in the crypto community, drew attention after he closed a large Bitcoin position.
Trader's Position Closure
According to cryptocurrency data, James Wynn closed his long positions in Bitcoin worth $1.2 billion. The closure took 47 minutes.
Losses and Gains of James Wynn
The position was opened at a Bitcoin price of $108,921 and closed at $107,746, resulting in a loss of approximately $13.39 million on a single trade. However, James Wynn's net profit from all Bitcoin trades in recent days was recorded at $8.45 million.
Comments and Impact of Big Players
Wynn also commented on the influence of large players in the market, claiming that big whales were working to liquidate him. His liquidation level was around $104,000, while the Bitcoin price at the time of writing was $107,654.
The closure of James Wynn's large position highlights the volatility of the cryptocurrency market and the challenges even the largest traders face.
