James Wynn's long BTC position went bankrupt, losing $20.5 million in two weeks

PANews reported on June 6 that according to Yu Jin, crypto contract trader James Wynn was forced to close 379 BTC in the early hours of this morning due to the market fluctuations caused by the dispute between Trump and Musk, and the decline in BTC prices. He then took the initiative to close the remaining positions. A total of $3.6 million USDC was invested as margin in this round, and only $700,000 was left in the end, with a loss of $2.9 million. He had made a profit of $87 million two weeks ago, and the accumulated loss has reached $20.5 million. The remaining funds are only enough to open a position of $28 million, and the short-term influence may be weakened.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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