Renowned high-risk trader James Wynn has taken a significant step to protect his substantial Bitcoin position against liquidation. By depositing 400,000 USDC as margin, he effectively lowered the price point at which his investment could be liquidated. This action came as Bitcoin traded near $105,121 – a figure significantly close to triggering immediate liquidation risk. Wynn’s strategic move highlights the inherent risks and volatility associated with leverage in crypto trading. 40x leverage was employed on his $100 million Bitcoin position, showcasing Wynn’s boldness in navigating market conditions. The action draws attention from analysts and traders alike, as his high-stakes approach continues to influence market dynamics.