According to EmberCN, as the broader crypto market continued its correction, trader James Wynn closed his high-leverage long positions on Ethereum and SUI, incurring realized losses of $3.69 million and $1.59 million respectively. Wynn liquidated a 25x long position of 24,506 ETH and a 10x long position of 4.85 million SUI. Despite these losses, Wynn significantly increased his exposure to Bitcoin, raising his 40x leveraged BTC long position to 11,070 BTC, bringing the position’s value back up to $1.188 billion. This aggressive BTC accumulation signals a strong conviction in Bitcoin’s near-term recovery and may impact overall crypto market sentiment and volatility. Source: EmberCN on Twitter, May 24, 2025.