Trader James Wynn has reduced his Bitcoin long position by more than 66% and has made a profit of $6.57 million

according to on-chain analyst Ai Yi (@ai_9684xtpa), trader James Wynn reduced his long position in Bitcoin by 1,142.48 BTC in the past hour and a half. The address still holds a long position of 1,812.03 BTC, worth about $190 million, with a floating profit of $3.64 million.

Data shows that in this round of long operations, settlements have accumulated profits of $6.57 million. At the same time, James Wynn has transferred back 5 million USDC to his wallet address.

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Trader James Wynn has reduced his Bitcoin long position by more than 66% and has made a profit of $6.57 million

All Comments

Recommended for you

American Bitcoin's Bitcoin reserves have increased by approximately 623 BTC in the past 7 days, bringing its current holdings to 4941 BTC.

The US spot Ethereum ETF saw a net outflow of $19.4 million yesterday.

Listed companies, governments, ETFs, and exchanges collectively hold 5.94 million Bitcoins, representing 29.8% of the circulating supply.

The Bank of Japan is reportedly planning further interest rate hikes; some officials believe the neutral interest rate will be higher than 1%.

OKX: Platform users can earn up to 4.10% annualized return by holding USDG.

The Federal Reserve will begin its Reserve Management Purchase (RMP) program today, purchasing $40 billion in Treasury bonds per month.

Bitcoin treasury company Strategy's daily transaction volume has now surpassed that of payment giant Visa.

The US spot Bitcoin ETF saw a net outflow of $78.35 million yesterday.

JPMorgan Chase issues Galaxy short-term bonds on Solana network

HSBC expects the Federal Reserve to refrain from cutting interest rates for the next two years.

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