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Fearless Whale James Wynn Couldn’t Resist: He Revealed His New Bitcoin (BTC) Position and Expectations!
Bitcoin (BTC), Ethereum (ETH) and altcoins are known for the large leveraged trades made by the legendary whale James Wynn who continues to be active in the market.
At this point, when Bitcoin fell to the levels of 100,000-101,000 dollars, James Wynn, who made over 50 million dollars in profit, had experienced a significant loss of 100 million dollars in a single Bitcoin transaction at the end of May.
But this loss did not stop Wynn, and he said he has now returned with an even bigger short position.
At this point, many analysts and experts expect the rise to continue after Bitcoin surpasses 107 thousand dollars, while James Wynn stated that he does not believe in this rise.
James Wynn, who argues that the rise in Bitcoin is false and that the rise is preparation for a major collapse, stated that he opened a large short position at around 108,500 dollars in Bitcoin.
Wynn also shared that he used 40x leverage on multiple exchanges.
Lastly, he also warned investors about a severe decline.
*This is not investment advice.
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