Citing PANews, a trader known as James Wynn, who previously opened a $1.23 billion BTC long position in late May, recently opened a small short position of 0.95 BTC (worth approximately $111,000) at $116,026 per BTC. Wynn, who reportedly lost $108 million in June (including $87 million in profits and $21.77 million in principal), now primarily relies on rebates to fund his small trades.
BTC Trader James Wynn Opens Small Short Position After Massive Losses
PANewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.