Cryptocurrency billionaire trader James Win has once again opened a $100 million (approximately 137 billion won) Bitcoin (BTC) leverage position just days after experiencing massive losses. This position will be at risk of liquidation if the Bitcoin price falls below $103,630, and currently records approximately $592,000 (about 809 million won) in unrealized profits.
According to on-chain data analysis platform Hypurrscan, Win's transaction occurred less than a week after the massive liquidation on May 30th when Bitcoin dropped below $105,000 in about 10 days. At that time, he was forcibly liquidated from an identical long position, incurring substantial losses.
Consecutive high-risk investments reflect the typical speculative nature of the cryptocurrency market, but the movements of individual investors repeatedly executing large-scale trades can significantly impact the market's short-term price trends. In particular, with the liquidation baseline of this position being disclosed, there are concerns that volatility at this price level could increase.
Real-time news...Go to Token Post Telegram
<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>
