James Wynn: Successfully Avoided Liquidation by Reducing Positions During BTC Price Drop
Odaily Planet Daily News: Whale Jams Wynn posted on the X platform stating, "The market forced the Bitcoin price down to the $108,700 range, which is my liquidation price. Fortunately, I wasn't asleep or busy at the time, otherwise, I would have been liquidated. After seeing the price drop, I immediately took action and was forced to start selling my positions as soon as possible to lower the liquidation price. Fortunately, I avoided liquidation (for now), and the current value of the new position is $553 million, a 40x Bitcoin long, instead of $700 to $800 million, due to having to sell and repurchase the position at a higher price, resulting in a loss of the difference."
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