$147K Bitcoin Long Wiped Out as Market Volatility Strikes

James Wynn's $147K Bitcoin long position was liquidated on FTX after he flipped from short to long on BTC. The wipeout occurred at a price of $77,243.53 on 30x perpetual futures leverage. This event aligns with recent market volatility that has punished oversized directional bets.

The price action printed a peak of $77,173.76 on the 4h chart before plummeting downwards. The Moving Averages (MA) showed a bearish structure, with the EMA50 capping upside at $77,557.68 and the EMA200 offering distant support at $71,616.52.

The MACD death cross reinforced downside momentum, while the RSI(14) stayed neutral at 39.5. This price action suggests a swift rejection back towards the 50-EMA confluence zone before any sustained recovery attempt.