Trader James Wynn, who made a killing trading memcoin futures, will give away Bitcoin to one of the subscribers if the BTC rate drops to $67,000.
Wynn, correctly predicted The digital asset market downturn that began on Monday prompted everyone to try to guess the profit he made by trading Bitcoin futures on the Aster exchange. Judging by the screenshot he posted, which shows a 393,68% profit, Wynn opened a short position with 40x leverage and profited from the coin’s decline.
James promises to give 1 Bitcoin To the first person who correctly estimates his profit to the nearest million dollars in the comments section of the post. However, he’ll only transfer the coin if BTC drops to $67,000, which is unlikely to happen anytime soon.
A colleague of Wynn’s, under the pseudonym Degen Vibez, expressed skepticism about the competition:
I’d venture to guess that your profit reached $25,5 million, but we won’t see it. Bitcoin at $67,000. I’ll send you 100,000 Aster tokens [worth $106,000 at the current rate] if that happens.
However, it’s undeniable that James’s bet on a BTC price decline is proving correct. On November 4th and 5th, the cryptocurrency tested the $100,000 support barrier, which coincides with the 23,6% Fibonacci retracement, taking into account the coin’s price pump from $15,734. Accordingly, if BTC consolidates below this barrier, it risks falling to $84,000.
Bitcoin’s likely price drop