James Wynn went long BTC and lost $20.5 million in two weeks
James Wynn went long BTC and lost $20.5 million in two weeks
PANews reported on June 6 that according to Ember, crypto contract trader James Wynn was liquidated 379 BTC in the early hours of this morning due to market volatility caused by the dispute between Trump and Musk, and the price of BTC fell, and then voluntarily closed the remaining positions. A total of $3.6 million USDC was invested as margin in this round, and in the end, only $700,000 remained, with a loss of $2.9 million. It made a profit of $87 million two weeks ago, and now has a cumulative loss of $20.5 million, and now the remaining funds are only enough to open a $28 million position, and the short-term influence may be weakened.
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