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Trader James Wynn goes long on BTC with 40x leverage, earning over $40,000 in profits in 3 days.
[Chain News] A trader's recent operations on-chain are worth following. James Wynn made a big move - a 40x leveraged BTC long position, with the Bitcoin price at $87,562.8.
Looking at his trading records for the last three days, he made a total of 3 trades, with BTC accounting for two of them (one long position and one short position), and he also traded PEPE. How did it turn out? The two BTC trades were well-coordinated, resulting in a total profit of $40,521. However, the long positions in PEPE didn't go as smoothly, resulting in a loss of $6,908.
Overall, this trader has found a rhythm with BTC, and the short-term switching between long positions and short positions has been relatively accurate. However, the losses from PEPE also remind us that high leverage operations show significant differences across different coins. The movements of such large trades are still meaningful references for market participants.