According to @OnchainLens, James Wynn closed his BTC 40x short with a realized profit of $85,380. According to @OnchainLens, despite this gain, Wynn still needs $21.9M to reach breakeven, highlighting a large cumulative PnL deficit. According to @OnchainLens, the $85,380 profit is roughly 0.39% of the reported $21.9M breakeven gap, showing minimal impact on his overall deficit. According to @OnchainLens, the trade details are viewable via hyperbot.network for address 0x5078..., confirming the position was closed and removing liquidation risk from that specific short.

According to Lookonchain, a whale sold 100 BTC worth $5.35 million, securing a profit of $206,000 as the price neared its breakeven point. Data from IntoTheBlock reveals that 836,000 addresses purchased approximately 402,800 BTC, valued at $21 billion, at prices between $51,113 and $54,303. These addresses are likely to sell near their breakeven points, indicating potential market pressure.