James Wynn: Successfully avoided liquidation by reducing positions during BTC price decline

Odaily Planet Daily News: Jams Wynn, a giant whale, wrote on X platform: "The market forced the price of Bitcoin to fall to the $108700 range, which was my liquidation price. Fortunately, I was not sleeping or busy at the time, otherwise I would have been liquidated. After seeing the price fall, I immediately took action and was forced to start selling my position as soon as possible to lower the liquidation price. Fortunately, I avoided liquidation (as of now), and the current value of the new position is $553 million, 40 times the Bitcoin long position, instead of $700 million to $800 million. Due to having to sell and repurchase the position at a higher price, I lost the difference