James Wynn Whale Increases 40x Leverage Long Position to $527 Million with 4,903 BTC

According to a report by Jinse Finance, monitored by on-chain analyst Ember, the whale James Wynn once again maxed out a 40x leverage at 2 a.m., increasing his BTC long position to $527 million, which is the maximum position his current funds can open. His current position: 40x leverage long on 4,903 BTC, with a position value of $527 million. The opening price is $108,339, and the liquidation price is $106,449. There is only a $1,890 difference between his opening price and liquidation price, leaving no room for himself. If BTC drops even slightly, it will approach his liquidation price, and he will have to stop loss and reduce his position.