Trader James Wynn Opens New Bitcoin Short Position Amid Financial Recovery

According to PANews, trader James Wynn, who previously opened a $1.23 billion long position in Bitcoin at the end of May, has recently initiated a short position. Approximately 25 minutes after receiving a rebate income of 1,854 USDC, Wynn opened a short position of 0.95 BTC, valued at around $111,000, at a price of $116,026. In June, Wynn experienced a significant loss of $108 million, which included $87 million in profits and $21.77 million in principal. Currently, he primarily relies on rebate income to conduct smaller trades.