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Trader James Wynn, who is "bankrupt", decisively cut his ETH long order and turned to a bottom position bullish on ZEC.
BlockBeats news, on October 14th, according to HyperInsight monitoring, in the past 12 hours, an address marked as James Wynn (0x8da) completed a round of short-term operations amidst ETH price fluctuations: previously he had allocated a long order from $3807 and rolled over to raise the average price to about $4120, accurately capturing the swing trading. An hour ago, at the moment ETH fell to $4120, he decisively closed the position, locking in the position to avoid a larger drawdown. At the same time, the rhythm changed, as he enabled pyramid mode to build a position on ZEC at $237, continuously lying in ambush for bullish actions, with the current average price reduced to $226.6, still holding a long order. Additionally, monitoring revealed that James Wynn had once returned to breakeven during the early rise of ETH, but due to not taking profit in time, he remains in a negative yield range. He gained fame by betting on PEPE for about $7000, cashing out over $25 million in a single battle. Later he faced a liquidation of over $100 million, and his account rapidly shrank, forcing him to switch to a small position “蚂蚁仓”, while still maintaining an aggressive style. Note: Recently, market volatility has intensified, with gold prices briefly retracting by $60, and the high β characteristics of altcoins becoming prominent (often amplifying rises and falls along with Bitcoin), investors need to pay attention to risk control.