James Wynn's highly leveraged BTC position made a thrilling return on investment, and at one point it was only $20 away from liquidation

PANews
PANews
BTC+1.89%

PANews reported on June 3 that according to Ember, James Wynn opened a long position of 945 BTC at $105,890 yesterday, using 40 times leverage, and the liquidation price was $103,622. BTC quickly rebounded after falling to $103,610 at one point, allowing it to avoid liquidation and recover its capital. He previously posted a "begging" tweet asking for support, which received about $60,000 in aid, and has since deleted the content. The current market value of the position is about $100 million.

Show original
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.