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Trader James Wynn goes long on BTC with 40x leverage, earning over $40,000 in profits in 3 days.
[Chain News] A trader's recent operations on-chain are worth following. James Wynn made a big move - a 40x leveraged BTC long position, with the Bitcoin price at $87,562.8.
Looking at his trading records for the last three days, he made a total of 3 trades, with BTC accounting for two of them (one long position and one short position), and he also traded PEPE. How did it turn out? The two BTC trades were well-coordinated, resulting in a total profit of $40,521. However, the long positions in PEPE didn't go as smoothly, resulting in a loss of $6,908.
Overall, this trader has found a rhythm with BTC, and the short-term switching between long positions and short positions has been relatively accurate. However, the losses from PEPE also remind us that high leverage operations show significant differences across different coins. The movements of such large trades are still meaningful references for market participants.
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Two BTC trades coordinated well, but high leverage is like this—profits come quickly, and losses come just as fast
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Saw someone using 40x leverage on Bitcoin again, I really don't understand this strategy, you need to have a very strong mindset
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Made forty thousand dollars in three days, but PEPE caused him to give back some profits. That's just how leveraged trading works
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High leverage works well on BTC, but it fails on PEPE. This difference really needs to be taken seriously
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James Wynn's move here was saved by BTC; otherwise, that PEPE trade could have wiped out all his previous gains
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With 40x leverage, daring to open a long position at over $87,000? I really don't have that kind of nerve
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Made forty thousand, lost seven thousand. Honestly, half the success is choosing the right coin, the other half is all gambling
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BTC has indeed made money as it rises, but how bold do you have to be to go 40x... I'm really scared
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That loss on PEPE is a bit social anxiety-inducing; no matter how much you earn, one PEPE can wipe it all out
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Exactly, why is BTC so tightly controlled, but altcoins always crash? That's very typical
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Not breaking even with 40x leverage is considered a win, and this guy actually made money—truly luck + skill
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Watching this kind of operation three times, I wouldn't dare to follow suit; it's too intense
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Interesting, switching between long and short so accurately in the short term—are they really skilled or just lucky?
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Losing one-sixth of the BTC profit on PEPE—that's what you call earning fast but spending even faster
That loss with PEPE is a bit heart-wrenching, as expected, small coins are a pit
This guy has found the rhythm with BTC, PEPE is just giving away money, it really is all wasted if you choose the wrong coin
40x, brother... just thinking about it makes me nervous
Making 40,000 USD is not bad, but 40x leverage still feels a bit risky, if you don't play well, it can directly drop to zero.