Data: Reverse follow-up James Wynn address cut loss Bitcoin short position, current position still has an unrealized loss of 126,500 USD

ChainCatcher news, according to @ai_9684xtpa's monitoring, last night at 10 PM, the price of Bitcoin plummeted close to the liquidation price of whale James Wynn, while a trader increased their short position by 600.14 BTC, worth about 62.25 million USD, seemingly betting that the opposing side would directly breach their liquidation price.

However, Bitcoin quickly rebounded, soaring to 106,500 USD. In the face of the price reversal, the trader cut losses by closing 492.84 BTC between 05:00 and 08:20 this morning, incurring a loss of about 440,000 USD. Currently, they still hold a 40x short position of 240.74 BTC, with a nominal position value of about 25.34 million USD, showing an unrealized loss of 126,500 USD, and the latest liquidation price is 106,620 USD.