Bitcoin Plunge Needle Drop Causes Whale James Wynn to Lose $3 Million Principal

BlockBeats News, May 29th. According to on-chain data analyst Yu Jin's monitoring, around 12:40 today, the price of BTC once spiked to near the liquidation price of whale James Wynn (around $107,000). Part of his position was liquidated as the stop-loss was reduced to the liquidation price, resulting in another loss of $2.95 million.

Currently, after James Wynn has given back all of his $87 million profit, his principal has lost $3 million. His current position is as follows: Long 4,604 BTC with 40x leverage; Position value of $496 million; Entry price $108,334, liquidation price $106,314.