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Trader opens new 40x Bitcoin short position covering 1.256 BTC worth $96K

Market News
04 Nov 2026, 14:25 WIB
Tokenpost
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Bearish
Trader opens new 40x Bitcoin short position covering 1.256 BTC worth $96K

James Wynn opened a new 40x leveraged short position on Bitcoin, covering 1.256 BTC valued at about $96,000, with a liquidation price set at $78,227.92. This new trade is significantly larger than his previous 40x short on Hyperliquid, which covered 0.4947 BTC worth around $40,500. The increase in position size indicates a stronger bearish bet on Bitcoin's price. Investors should watch for potential price movements near the liquidation threshold.

As of Nov 04, 2026 19:43 WIB, Bitcoin trades on Pluang at Rp1.417.970.337 with a 1-day gain of 0.97%. Despite James Wynn's large 40x short position, Pluang data shows a majority of buy orders at 58% compared to 42% sell orders, indicating ongoing investor interest. The typical hold time on Pluang is 112 days, suggesting a relatively patient user base amid these market moves.

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