James Wynn's BTC position lost $2.17 million, but recovered after rebounding

According to a report by Golden Finance, James Wynn's highly leveraged BTC position suffered a loss of $2.17 million at one point and was only $20 away from liquidation, but BTC subsequently rebounded, allowing it to successfully recoup its investment. The position is a 40 fold leveraged multiple, holding 945 BTC with a total value of approximately $100 million. The opening price is $105890 and the liquidation price is $103622. The market used to generally focus on whether BTC would fall below $103610 to trigger liquidation, but the trend has now reversed and is temporarily out of the risk zone.