Legendary whale James Wynn, known for his large leveraged trades in Bitcoin (BTC), Ethereum (ETH) and altcoins, continues to be active in the market.
At this point, James Wynn, who made over $50 million in profit when Bitcoin fell to $100,000-101,000, suffered a massive loss of $100 million on a single Bitcoin transaction in late May.
But that loss didn’t stop Wynn, and he said he’s now back with an even bigger short position.
At this point, while many analysts and experts expect Bitcoin to continue rising after rising above $ 107,000, James Wynn said that he does not believe in this rise.
Arguing that the rise in Bitcoin is fake and that the rise is preparation for a major collapse, James Wynn stated that he opened a large short position in Bitcoin around $ 108,500.
Wynn also shared that he uses 40x leverage across multiple exchanges.
Finally, he also warned investors of a severe downturn.
“I made my last short entry at $108.5k.
The last rally was a complete fake rally.
Expect fierce red candles soon.”
*This is not investment advice.
Continue Reading: Fearless Giant Whale James Wynn Couldn’t Resist: Revealed His New Bitcoin (BTC) Position and Expectations!
Go to Source
Author: NixCoin
The conversation around real-world assets, or RWAs, got another boost today after the RWA Foundation…
As part of its commitment to strengthen its digital asset network security to provide crypto…
ATT Global has declared a new partnership with ENI which seeks to connect the real…
The digital asset landscape is currently showing a sharp split in energy. While major legacy…
The expectations of online casino players are reshaping how cryptocurrency wallets are built and delivered.…
Bitcoin is struggling around a familiar resistance level, as earlier bullish momentum has faded, but…
This website uses cookies.
Read More