The famous trader-adventurer James Winn suddenly began to shorten bitcoin using a giant credit lever.
Winn became famous for successful transactions in the market of tokens-memes, but he is catastrophically unlucky with BTC. In May, he opened a long position with a volume of $ 1.25 billion for the purchase of bitcoins, but when the price of the coin fell, he had to close it, in this way losses of $ 99.3 million.
Nevertheless, Winn did not despair and on June 29 returned to the BTC futures market, creating a short of $ 1.49 million with a 40-fold Levreiga. This time, James managed to guess the direction of movement of the cryptocurrency course and earn unrealized profit for a modest amount of $ 1.556. However, his position will be eliminated if the digital asset will rise in price to at least up to $ 108.640, which will happen quite possible, and today.
Members of the crypto community were not impressed by the transaction committed by Winn, because its volume is small against the background of the previous Long. Most likely, the losses hit James so much that he cannot risk large amounts and therefore applies a more conservative approach.
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Source: Cryptocurrency
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