Trader James Wynn switched from a Bitcoin short to a leveraged long, according to monitoring data cited on September 1. He closed a 1.33 BTC short position worth about $103,000 at a loss of $1,500.
Wynn then opened a 30x leveraged long position in Bitcoin totaling 1.86 BTC, valued at roughly $147,000. The position carries a liquidation price of $77,243.53.
James Wynn Flips to 30x Leveraged Bitcoin Long After Closing Short at Loss
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.