On May 23rd, COINOTAG News reported that **Whale James Wynn** has successfully transformed a significant **40x long position** in Bitcoin from a state of loss into profitability, following a brief market decline. The data provided by **HyperInsight** indicates that Wynn holds a position on **7,500 BTC**, currently valued at **$820 million**. Despite an initial opening cost of **$108,997**, Wynn’s unrealized gains have reached **$5.15 million**.
Additionally, Wynn maintains a **25x long position** in **24,506 ETH**, presently valued at **$63.15 million**. However, this position has incurred an unrealized loss of **$40,000**, with an opening cost of **$2,657**. Moreover, he is holding a **10x long position** on **4.85 million SUI**, valued at **$17.87 million**, with a reported unrealized loss of **$1.39 million** from an opening cost of **$3.97**.
Source: https://en.coinotag.com/breakingnews/whale-james-wynns-bitcoin-long-position-turns-profitable-amid-market-decline/
