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Wynn's BTC Long Flips Bullish: What It Means for Bitcoin's Price

Guavy AI Editorial Team
Instruments
BTC
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Bitcoin's price has been in focus after analyst James Wynn shifted from a short position to a leveraged long, covering 1.86 BTC. This move is significant as it increases Wynn's exposure by 0.53 BTC.

The new trade uses 30x leverage and carries a liquidation price near $77,243. Bitcoin needs to decline by around 2% from about $79,000 to reach that threshold.

Wynn previously entered short positions around $77,589 to $77,593, which closed after Bitcoin moved higher. He also recorded several long positions between $78,681 and $78,930.

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