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Smart Trader Flips James Wynn’s $622M Bitcoin Long, Nets $5.6M

Smart Trader Flips James Wynn’s $622M Bitcoin Long, Nets $5.6M
Smart Trader Flips James Wynn’s $622M Bitcoin Long, Nets $5.6M

Main notes

  • Wayne is between $ 622.6 million for long Bitcoin liquidation only 1.5 % less than current prices.
  • Smart Wallet 0x2258 flipped Wynn deals and got $ 5.6 million in three days.
  • Their holders are still optimistic, which causes the maximum achieved over $ 28 billion-the highest since April.

James Wayne continues to build his long aggressive position in Bitcoin

BTC
96 $ 611



24 hours fluctuation:
2.1 %


The maximum market:
$ 1.92



Folder. 24h:
$ 29.09 b

Despite the risk of liquidation. A prominent encryption dealer now owns 5,676 BTC, at a value of about $ 622.6 million, with a $ 108.010 liquidation price.

Given the current Bitcoin trading level of about $ 109,751, it can decrease by 1.5 % of the current WYNN position.

Earlier today, with BTC decreased for a short period of less than $ 108,000, closed Win parts of Bitcoin and Pep

baby
0.00,000 dollars



24 hours fluctuation:
1.5 %


The maximum market:
$ 3.71 b



Folder. 24h:
591.98 dollars

long. Before losing $ 4.4 million to reduce the risk of immediate filtering.

Wayne merchant mirrors in the opposite direction

Interestingly, Wynn’s commercial decisions have become useful for the other smart operator: Wallet 0x2258. According to the data on the series that shares Lokonchain, 0x2258 profits of $ 5.6 million over the past three days simply by contrary to Wayne’s positions.

This anti -trade tactic has caught the attention of society. For example, when Wynn went to May 24, 0x2258 short BTC and ETH

Eth
$ 1 845



24 hours fluctuation:
2.6 %


The maximum market:
222.72 dollars b



Folder. 24h:
14.22 dollars b

.

On May 25, when Wynn closed his long stances, 0x2258 came out of his shore for $ 1.36 million. On the same day, Wynn turned into BTC shortening, which prompted 0x2258 to move forward.

On May 26, Wynn was reflected again, and he went long, so he summarized 0x2258 again, now sitting on unreasonable profits of $ 1.7 million.

Long -term holders continue to accumulate

While the short -term traders participate in high risk movements, LTHS holders appear unbroken. Cryptoquant analyst Note Omar Taha Their holders in the long run have increased their accumulation during this volatile extension.

It is worth noting that LTH has risen above 28 billion dollars, which is the highest level since April.

“This strategic accumulation within moments of market stress reflects the deep condemnation of LTHS. Instead of getting rid of fluctuations in the short term, they see that these declines that depend on liquidation as a major opportunities to enhance their positions,” explained Taha.

At the same time, the analyst Ibrahim Kusar indicated To a double bottom composition, classic upcoming upright. He believes that if the amount of $ 109,400 holds support, the levels exceeding $ 112,000 are on hand.

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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.

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Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.

Part Dubey on LinkedIn

The post Smart Trader Flips James Wynn’s $622M Bitcoin Long, Nets $5.6M first appeared on Investorempires.com.

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