Top traders close long positions in ETH and SUI, increase BTC exposure with over $20 million in floating losses

TechFlow, on May 24, according to on-chain data from Lookonchain (@lookonchain), as the market declined, top trader @JamesWynnReal closed his long positions in ETH and SUI, incurring a loss of approximately $5.3 million. Subsequently, he increased his BTC long position, raising his holdings to 11,070 BTC (about $1.19 billion).

Currently, this trader's BTC position has incurred unrealized losses exceeding $20 million (including funding fees). His liquidation price stands at $104,820.

Although BTC’s macro trend remains bullish after reaching new highs, short-term market volatility is high, with some large traders running 40x leveraged long positions.