James Wynn Is Shorting Bitcoin Again... and It's Already Been a Rough Few Hours 😬. This guy just can't stay away from the action.
After getting wiped out on his previous $BTC short, he's back in the market again , and once again betting against Bitcoin.
The problem is less than 4 hours after opening the position, he's reportedly already been liquidated four times, And despite that, he's still in the trade.
According to the latest data, James is currently holding a 40x leveraged #BTC short worth approximately $85,302, with a position size of 1.394 BTC.
His current position details👇
BTC Short (40x Cross), Position Value: $85,301.99, Position Size: 1.394 BTC, Entry Price: $61,231.2, Unrealized PnL: +$51.95 (+2.44%), Liquidation Price: $62,314.69.
OUR THOUGHTS: With 40x leverage, even relatively small moves can be the difference between a profitable trade and another liquidation. And considering he's already been knocked out four times in just a few hours, the market clearly hasn't made this easy for him. For now, the position is barely in profit. But with Bitcoin hovering not far below his liquidation level, this trade could get very interesting... very fast.
Address: 0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6
