Whale James Wynn Liquidates $1 Billion BTC Short Position, Facing $15.86 Million Loss

COINOTAG News reports that on May 26th, notable on-chain analyst Ember Monitor disclosed key insights about crypto whale James Wynn. In a significant market event, Wynn executed a stop-loss order, liquidating a substantial $1 billion short position within a brief span from 6:09 to 6:15 Beijing time, incurring a loss of approximately $15.86 million. This strategic move followed his earlier shorting of 9,402 BTC at an average price of $107,069, utilizing an aggressive 40x leverage. As Bitcoin began to recover around 6:00 AM, Wynn swiftly opted to mitigate further losses, closing his position in a rapid timeframe of six minutes. Additionally, COINOTAG highlighted comments from Trump, noting the EU’s request to extend the trade negotiation deadline to July 9th, hinting at broader economic implications for the crypto landscape.