INSUBCONTINENT EXCLUSIVE:
near-term upside momentum.Wynn returned with two new leveraged positions, including a 40x leveraged Bitcoin (BTC) long position worth over
$19.5 million at $117,000, which could be liquidated if the price fell below $115,750
Wynn has already incurred $1.4 million worth of funding fees to maintain the position, which has a current unrealized profit of
Source: HypurrscanWynn rose to popularity among crypto enthusiasts at the end of May, after his first leveraged $100 million position was
liquidated on May 30, when BTC briefly dipped below a 10-day low of $105,000.The pseudonymous trader opened a second leveraged $100 million
Bitcoin bet on June 3, before he was liquidated and lost nearly $25 million on June 5, Cointelegraph reported.Related: Bitcoin flips
Wynn, disclosing his previous liquidation level in a June 2 X post
borrowed money to increase the size of an investment, which can boost the size of both gains and losses, making leveraged trading riskier
compared to regular investment positions.Illustrating its heightened risks, a crypto whale was liquidated for over $308 million on a 50x
according to Hyperdash data shared by blockchain analyst EmberCN.Qwatio 40x leveraged Bitcoin short position
positions, Cointelegraph reported on June 30.PEPE has also dipped more than 3% over the past 24 hours, according to CoinMarketCap, but
appears to be recovering.Magazine: Baby boomers worth $79T are finally getting on board with Bitcoin
