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Investor short order 1038 BTC with 40x leverage betting on Bitcoin fall
According to reliable sources, an investor named James Wynn has recently adopted an extremely aggressive trading strategy. He has opened a massive short positions in the Bitcoin market with a leverage ratio as high as 40 times. This bold move has drawn widespread attention from the market.
Specifically, Wynn's short positions amount to 1,038.71 Bitcoins, which is approximately $112 million based on the current market price. His opening price was $107,711.1, while the liquidation price is set at $149,100.
This transaction reveals Wynn's pessimistic attitude towards the short-term price trend of Bitcoin. However, such high-leverage operations also come with huge risks, as even a slight market fluctuation can lead to substantial losses.
Investors are closely following the developments of this major transaction, which may have a certain impact on the entire cryptocurrency market. At the same time, it has also sparked discussions about the risks of high-leverage trading.