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SoSo Crypto Daily | Crypto Market Retreats Amid Broad-Based Declines; Tokenization and Institutional Activity Signal Underlying Innovation
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Updated 11 hours ago
SoSo Crypto Daily | Crypto Market Retreats Amid Broad-Based Declines; Tokenization and Institutional Activity Signal Underlying Innovation
SoSo Crypto Daily | Crypto Market Retreats Amid Broad-Based Declines; Tokenization and Institutional Activity Signal Underlying Innovation
SoSo Crypto Daily | Crypto Market Retreats Amid Broad-Based Declines; Tokenization and Institutional Activity Signal Underlying Innovation
SoSo Crypto Daily | Crypto Market Retreats Amid Broad-Based Declines; Tokenization and Institutional Activity Signal Underlying Innovation
SoSo Crypto Daily | Crypto Market Retreats Amid Broad-Based Declines; Tokenization and Institutional Activity Signal Underlying Innovation
SoSo Crypto Daily | Crypto Market Retreats Amid Broad-Based Declines; Tokenization and Institutional Activity Signal Underlying Innovation
SoSo Crypto Daily | Crypto Market Retreats Amid Broad-Based Declines; Tokenization and Institutional Activity Signal Underlying Innovation
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A certain whale went long to "pick up the pieces" after James Wynn's liquidation, suffering a cut loss of 17.08 million USD.

BlockBeatsjun 5, 2025
#Bitcoin
BTC+1.37%ETH+2.62%MAG7.SSI+2.54%

BlockBeats news, on June 6, according to Ember Monitoring, a certain whale opened long positions to "pick up the pieces" after the liquidation and forced closure of James Wynn's position, but two and a half hours ago, he cut losses and closed positions, giving back 17.08 million USD in profits.

He twice opened long positions on $BTC and $ETH following the liquidation and forced closure of James Wynn's positions, aiming to "pick up the pieces": at midnight yesterday, James Wynn's position was liquidated, and he opened a long position; at 1 AM today, James Wynn's position was liquidated and closed, and he increased his long positions.

However, as prices continued to fall, he chose to cut losses and close positions two and a half hours ago. This caused him to lose 17.08 million USD on this long trade. After this profit retracement, his profits over the past 21 days decreased from 30 million USD to 13 million USD.

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