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Trader James Wynn increases large positions in BTC and kPEPE: using 40x leverage to long 58 Bitcoin, unrealized profit exceeds $340,000
【BitPush】On-chain tracking data shows that trader James Wynn has been up to something again. This time, he opened long positions in two different directions simultaneously—
On the BTC side, he used 40x leverage, holding 58.94 BTC, equivalent to a position of approximately $5.4 million. On the kPEPE side, he also didn’t hold back, using 10x leverage to go long on 365 million tokens, worth about $2.34 million.
What’s even more interesting is that this operation has already resulted in an unrealized profit of $343,000. It seems that this trader is quite optimistic about the recent market trend, otherwise he wouldn’t be taking such heavy positions in two assets at the same time. Such aggressive leverage strategies can multiply gains, but if the market moves against him, losses will also be doubled. How things will develop next depends on the changes in on-chain data.