Whale Investor James Wynn Expands Bitcoin Position with High Leverage

Cryptocurrency on-chain analyst Yu Jin reports that prominent investor James Wynn is further bolstering his holdings in Bitcoin. Utilizing a substantial 40x leverage, Wynn has deployed $14.28 million in margin to acquire 5,520 BTC, resulting in an investment worth $570 million. This position’s entry price at $103,302 and liquidation threshold at $98,294 signify a substantial risk-reward profile.