Whale Investor Suffers Significant Losses from High-Leveraged Bitcoin Position

A prominent whale investor, James Wynn, has faced substantial losses following a high-leveraged Bitcoin position. As per Onchain Lens analysis, Wynn holds a significant long position in Bitcoin using 40x leverage, currently worth approximately $1.2 billion. Despite realizing a profit of $35.19 million so far, Wynn is facing a floating loss exceeding $21 million. Notably, Wynn has also been gradually closing his positions in PEPE.