James Wynn Increases BTC Long Position to $790 Million Overnight, Only $1,600 Away from Liquidation Price

According to Odaily Planet Daily, monitored by @EmberCN, trader James Wynn increased his BTC long position again at 1 a.m., currently holding 7,227 BTC with 40x leverage. The nominal value of the position is $790 million, with an opening average price of $110,084 and a liquidation price of $107,580. The current floating loss is approximately $5.82 million. The current BTC market price is close to his liquidation range, with only about a $1,600 difference from the liquidation price.