<ul><li>A significant Bitcoin trader, James Whas shifted from a long to a short position on Bitcoin worth $1.25 billion.</li><li>The short deal involved 1,038.7 Bitcoins, executed at $107,711.1, with a liquidation price set at $149,000.</li><li>Wynn's holdings of $49.4 billion include perpetual futures, spot, and staked assets, with a leverage of 40x amplifying the impact of price movements.</li><li>Amid Bitcoin falling below $108,000, traders like Wynn anticipate further decline, with potential for significant gains or losses based on price movements.</li></ul>

Trader Reverses $1.25B Bitcoin Position Amid Market Dip

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