According to Lookonchain, leading trader James closed part of his BTC and PEPE long positions after Bitcoin dropped below $108,000, resulting in a realized loss of $4.4 million to mitigate liquidation risk. James currently holds 5,782 BTC worth $626 million, with a liquidation threshold set at $107,387.82 and an unrealized loss of $10.5 million. This significant move by a major whale underscores heightened volatility and risk in the crypto market, signaling potential pressure on BTC prices and increased caution among leveraged traders (Source: Lookonchain, x.com/lookonchain/status/1927179921098453430).

According to Lookonchain, as Bitcoin (BTC) dropped below $108,000, leading trader James closed part of his BTC and PEPE long positions, incurring a $4.4 million realized loss to reduce his liquidation risk. James still holds 5,782 BTC valued at $626 million, with a liquidation price at $107,387.82 and an unrealized PnL of -$10.5 million. This large-scale position adjustment highlights significant liquidation risk and increased volatility in the crypto market, signaling potential further downside and caution for leveraged traders (source: x.com/lookonchain).