High-Leverage Bitcoin Trades Yield Profits Amid Market Fluctuations

According to BlockBeats On-chain Detection, recent monitoring by HyperInsight reveals significant trading activity from an address labeled as James Wynn. Over the past six hours, this address utilized a 40x leverage to open long positions in Bitcoin at an average price of $98,000, with a total position size of approximately $1.09 million. These trades have resulted in a floating profit of about 62%. Additionally, small long positions in ZEC and ASTER have also shown gains. Further analysis indicates that another known address associated with James Wynn holds a 40x leveraged short position in Bitcoin, valued at around $31,000, with a floating profit of $20,000. This address has a balance of approximately $7,300. Previously, following James Wynn's prediction that Bitcoin would drop to $92,000, two short positions were opened, with the first resulting in a liquidation loss of around $100,000.