According to EmberCN on Twitter, James Wynn's Bitcoin long position has suffered another liquidation, reducing his remaining BTC leverage to $167 million. The next liquidation threshold is set at $104,532 per BTC. This demonstrates heightened liquidation risk for large leveraged positions, potentially increasing short-term volatility and impacting overall BTC price momentum, especially as Wynn is reportedly unable to add more collateral (source: EmberCN on Twitter). Traders should monitor BTC price levels closely as further liquidations at these sizes may trigger cascading sell-offs in the crypto market.

According to Lookonchain, Bitcoin (BTC) dropped below $108,300, directly impacting James Wynn's trading position. Wynn closed a portion of his BTC long, incurring a fresh loss of approximately $4.75 million, bringing his total daily losses from trimming BTC longs to around $14.3 million. This significant liquidation event signals increased volatility and potential downward pressure on BTC price action, prompting traders to closely monitor large whale positions and adjust risk management strategies. Source: x.com/lookonchain/status/1927376573155491861