Legendary Bitcoin Trader James Wynn Liquidates $1.2B Position Amidst Market Uncertainty

Renowned cryptocurrency trader James Wynn, known for his large-scale bitcoin investments, recently closed a substantial long position worth over $1.2 billion. Onchain data reveals the closure took just 47 minutes to complete and was executed following a price drop of nearly 8% from its opening level. The trade, initially opened at $108,921, resulted in Wynn losing approximately $13.39 million on this single transaction. However, despite this significant loss, his overall bitcoin trading profits over recent days stand at $8.45 million.