On May 21st, COINOTAG News reported a significant development in the cryptocurrency market. An address known for its high-performance trading strategy, designated as “High Win Rate Whale,” has executed a 40x short position on Bitcoin (BTC) amidst a recent surge. At 4:00 a.m., this entity made a strategic deposit of 2.3 million USDC, now holding an impressive 826.18 BTC, valued at around $88.41 million. The initial entry price was recorded at $107,091.9, with a liquidation threshold set at $108,500, placing the current unrealized profit and loss (PnL) at approximately $68,000. This notable position is currently pitted against the interests of renowned trader James Wynn, indicating a highly competitive trading environment where both parties remain in a profitable trajectory.
Source: https://en.coinotag.com/breakingnews/high-win-rate-whale-targets-btc-21m-in-profits-and-40x-short-position-unveiled/