In recent developments highlighted by COINOTAG News on May 22nd, investor James Wynn has significantly expanded his **Bitcoin** (BTC) long position to an impressive 10,200 coins, totaling a valuation of $1.12 billion. This strategic move has resulted in **unrealized gains** amounting to $18.16 million, with Wynn’s entry price noted at $108,065 and a liquidation threshold set at $103,757.
Conversely, the **whale trader** associated with **Hyperliquid** has been adjusting his trading strategy. After enduring multiple liquidations from his short positions, he has opted to increase his margin to re-enter the market for another short. Currently holding a substantial 40x short position on 449 BTC, valued at $49.38 million, his entry price stands at $107,823 with a liquidation point at $111,639. The trader has reported losses of approximately $5.56 million, illustrating the **high-risk environment** prevalent in today’s cryptocurrency market.
Source: https://en.coinotag.com/breakingnews/james-wynn-boosts-btc-long-position-to-1-12-billion-amid-hyperliquid-whales-short-struggles/