James Wynn: Closes BTC Short, Opens 50x SP500 Trade
James Wynn books $30,695 BTC short profit then opens 50x short on 334.42 SP500 worth $2.47M with $7,436.23 liquidation as BTC trades at $60752.43.
SourceAnalysis
James Wynn locked in a $30,695 gain on his BTC short and immediately opened a 50x short on 334.42 SP500 valued at $2.47M with liquidation at $7,436.23. BTC price prediction models now face pressure after price printed $60752.43 beneath the EMA50 at $63287.25 and EMA200 at $67811.98, confirming the bearish trend structure. Momentum remains weak with MACD at -828.15 in death cross territory while RSI at 34.41 sits neutral, leaving room for continuation lower toward the lower Bollinger Band support at $59971.77 before any relief rally materializes.
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