James Writn, a cryptographic trader who divided his positions on the X platform (previously Twitter), quickly became popular after his gigantic Bitcoin positions became popular. Until now, James has opened many billion dollars and gained great consequences after his admirable indicator of winnings. The Crypto trader also managed to exceed the 8-FiGI territory in terms of profits. Two of his latest transactions drew attention, and this report is watching how the trader managed these positions.
Bitcoin worth a billion dollars long and miniature items
While James Writn gained a lot of attention for being the 5 best salesman on Hyperlic The platform in terms of PNL, his last round of transactions paid even more attention. Last week, a cryptographic merchant, a stunned community, when he opened a position worth $ 1.2 billion, with a 40 -fold lever. At a strict liquidation price of USD 105,1,19, it seemed to be a risky item, and when the bitcoin price hesitated, as did the PNL position.
When the price of bitcoins fell on the weekend, a salesman Close this long position worth a billion dollars for a loss worth $ 13.4 million. Then James Wynn quickly turned the guidelines and placed another perp position worth a billion dollars, but this time in favor of the Bitcoins price they are falling.
Because the price of the entrance located slightly above USD 107, this would be a deadly decision for a salesman, because the price of Bitcoins began to grow up. Once again, Wynn was forced to close this huge position of Lieutenant, which caused a greater loss of $ 15.87 million. According to hyperlic data, Perpt Trader lost almost $ 28 million within 24 hours.
What next for James?
After closing his miniature position, James Nonn started to X (previously Twitter) to solve the situation. In the post he explained that after huge losses he already looked at them in matters. Additionally he revealed That despite the losses, it remains $ 25 million green after starting the initial position of $ 3-4 million.
The post drew speculation from the cryptographic community, and some argue that cryptographic trader would not only stop trading. It turned out that only a few hours later Wynn returned to the hypereen to put many factories to modern positions.
Trader Crypto initially focused on longing Pepewhich was one of his most profitable coins to trade, bringing him over $ 25 million in profit. Soon opened Another long Bitcoin item with an input price of USD 109 733.
At the time of writing, James closed his position Pepe after almost liquidation, when the price of Bitcoins fell. The long Bitcoin position remains, but has been reduced by half to $ 439 million. In total, the trader has already taken a loss of $ 4.4 million, and his Bitcoin position remains trembling with losses of $ 4.12 million.
Chart from tradingview.com
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