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James Wynn Has Been Liquidated 5 More Times in the Past 24 Hours 😵.
Despite getting liquidated repeatedly, James Wynn is still refusing to give up on his bearish Bitcoin bet.
After five more liquidations over the last 24 hours, he's still holding a 40x BTC short, although the position size has been reduced significantly.
Current Position: $BTC Short (40x Cross), Position Size: 13.04 BTC, Position Value: $812,736, Entry Price: $63,087.5, Unrealized Profit: $9,746, Margin Used: $20,318, Liquidation Price: $63,179.6, Funding Cost: +$0.71 .
Wynn's remaining position is actually back in profit thanks to Bitcoin's recent pullback. However, with 40x leverage, the margin for error remains razor thin. His current liquidation price sits at $63,179.6, less than 1.5% above the current market price.
After a brutal day that saw five additional liquidations, Wynn is still fighting the trend and holding onto his short. For now, the trade is green, but at this leverage level, that can change in minutes.
Address: 0x5078C2fBeA2b2aD61bc840Bc023E35Fce56BeDb6