Pro James Wynn closes all positions on Bitcoin long positions, losing $13.39 million in a single transaction but still maintains overall profitability.

According to the latest monitoring data, well-known trader James Wynn has recently closed all positions on his Bitcoin long positions, resulting in a loss of approximately 13.39 million dollars. The closing process began at 6:40 and was completed by 7:27, taking only 47 minutes to liquidate positions worth 1.2 billion dollars.

The average opening price of this batch of positions was $108,921, while the average closing price was $107,746, resulting in a loss of approximately $13.39 million for a single trade. However, when considering the multiple trades that James Wynn has made in the Bitcoin market over the past few days, this round of operations still remains profitable, with an overall profit of approximately $8.45 million.

This series of trading actions has attracted widespread attention from the market, reflecting the high volatility of the current cryptocurrency market. Although a single trade has resulted in significant losses, the overall performance remains profitable, highlighting the complexity and risks of high-frequency trading in the digital asset market.

This event also serves as a reminder for investors to carefully assess market risks when making large trades and to develop reasonable risk management strategies. At the same time, it demonstrates the rapid changes in the cryptocurrency market and the importance of timely adjusting trading strategies in such an environment.