James Wynn: Has decided to short BTC, gets rekt every time going long

BlockBeats News Update, June 8th: James Wynn posted on Platform X stating that he has decided to short Bitcoin because every time he goes long, they come to liquidate him.

Reportedly, James Wynn has opened a BTC short position with 40x leverage.

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On-Chain Activity

6h ago

A trader entered a 25x short position on 9,700 ETH, with a take-profit order set at $2,058.2.

6h ago

A whale transferred 3,084 ETH to Binance, with a floating profit of $928,000.

8h ago

BlackRock ETF address transferred 1,698 BTC to Coinbase, approximately $135.59 million.

8h ago

A whale increased holdings by 65 BTC, worth approximately $5.2 million.

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