Trader James Wynn Opens Fourth 40x Leverage Bitcoin Short Position

BTC-1.16%

Gate News bot message, James Wynn (@JamesWynnReal) opened another 40x short position on Bitcoin approximately 30 minutes ago, with a liquidation price set at $70,270.83.

According to Lookonchain's previous report on March 26, James Wynn has used up to 40x leverage to short Bitcoin three times in the past week, with each position getting fully liquidated by small price increases. The source notes that if history repeats itself, Bitcoin may rise to $70,270.83 and liquidate his position again.

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