James Wynn Exploits High-Leverage Bitcoin Strategy for Significant Profit

Crypto entrepreneur James Wynn recently capitalized on a high-risk, high-reward approach with his Bitcoin trade. He closed a 40x leveraged short position, generating a profit of $85,380, as reported by PANews. This move effectively shielded him from the potential consequences of liquidation, leaving him with only a sizable balance to address remaining losses. To return to a neutral financial status, Wynn requires approximately $21.9 million in Bitcoin.