Mystery whale opens $300M leveraged Bitcoin bet: James Wynn alt account?
The mysterious $300 million leveraged Bitcoin long comes days after Wynn’s second $100 million leveraged Bitcoin position was liquidated, causing a near $25 million loss.
A mystery investor has opened a $300 million leveraged Bitcoin position, fueling speculation around their identity.
The unknown whale, or large cryptocurrency holder, opened a 20x leveraged Bitcoin (BTC) long position worth over $308 million at the entry price of $108,100, Hypurrscan blockchain data shows.
The position currently shows an unrealized profit of more than $4 million and faces liquidation if Bitcoin drops below $105,780.