Famous trader James Wynn recently changed his mind with Bitcoin ($BTC). According to Onhain Lens data, James Wynn has recently closed his short position in Bitcoin ($BTC) and just opened the long one. The chain's analytics company shared details of James Wynn's emotional changes in a recent social media post.
James Wyn (@jameswynnreal) closed his $BTC (40X) short position, booked a loss of $3,015.97, $BTC (40X) LONG POSITION. https://t.co/ylnfptl7vw https://t.co/rdozhrednt pic.twitter.com/u6eqbcmjpmjpmjppcbu
– June 29, 2025
James Wynn opens $btc for a long time after closing $3k loss on a recently closed short
Onchain Lens points out that James Wynn recently opened a long position in Bitcoin ($BTC) after closing his short position. Based on the price performance of the flagship Crypto Asset, James Wynn changed his decision. In particular, the popular trader witnessed a 3k loss with this $btc short and forced him to close it.
As a result of this loss in this disadvantage, James Wynn now believes in Bitcoin's long-term performance. At this point, he opened up a long position short. The reported closed short positions had 40x leverage, and he ended it following a 6 hours and 30 minutes of trading. The traders lost $3,015.97, taking into account $1,345.07 in terms of fees.
New $BTC Long has 40x leverage, indicating a firm belief in Bitcoin's long-term trajectory
Following the closure, the newly opened Bitcoin long positions also have 40x leverage, according to Onchain Lens. It currently holds nearly $12.79 BTC, which is equivalent to up to $1.37 million. Separately, the current trader's unrealized profits account for $2,420.04, including a 7.05% ROE.
Additionally, while the entry price for each long position was close to $107,439.10, Bitcoin is currently trading at $107,716.00. Additionally, 93.37% is James Wynn's margin usage, but 100% of long exposures.
