Renowned multimillionaire crypto trader James Wynn is making headlines once again after initiating a new $100 million leveraged position on Bitcoin—just days after suffering a similar loss. His bold strategy underscores the high-stakes, high-volatility nature of the digital asset space.
A Second Risky Move on Bitcoin
Blockchain analytics platform Hypurrscan has revealed that Wynn’s latest position will be liquidated if Bitcoin falls below $103,630. As of now, his trade is already in the red, with unrealized losses exceeding $592,000.
This aggressive position follows a significant setback Wynn experienced on May 30, when his previous $100 million bet was liquidated after Bitcoin briefly dropped to a 10-day low of $105,000.
Wynn Points to Market Manipulation
Wynn has been vocal on X (formerly Twitter), expressing concern that influential players in the market are intentionally targeting his stop-loss levels. He wrote in Italian, “Stanno venendo per me di nuovo” (“They’re coming for me again”), and posted:
“Don’t let these evil bastards liquidate me.”
This public disclosure of his liquidation threshold suggests Wynn believes he’s being targeted by powerful market-makers capable of manipulating price action to force high-leverage traders out of their positions.
Crypto Community Steps In
In a surprising show of solidarity, more than two dozen individuals have sent Wynn donations in stablecoins—cryptocurrencies tied to the U.S. dollar—to help back his positions. One wallet even transferred close to $8,000, according to data from blockchain tracker “dethective.”
This gesture, while rare in crypto circles, highlights the communal support Wynn has garnered, turning his trades into something of a grassroots movement.
Wynn’s Ongoing Battle Against Centralized Forces
Wynn has accused some centralized crypto exchanges of shutting down his accounts without cause, claiming it’s a retaliation for his outspoken stance against manipulation and in favor of decentralization.
“The more these exchanges try to shut me down, the harder I fight,” he posted online, aligning himself with decentralized platforms like HyperLiquid.
He also reiterated that he would return all community-donated funds if he manages to prevail in what he calls a battle against market corruption.
Outlook: Bearish Pressure May Be Easing
Despite recent losses, Wynn remains confident in Bitcoin’s future. He believes that downward pressure is weakening and that a surprise rally could be near. His prediction is based on technical indicators and market behavior typical of high-leverage environments, where price swings tend to be sharp and sudden.
Wynn’s Case Reflects Bigger Market Realities
The trader’s situation shines a light on the inherently volatile and speculative nature of trading cryptocurrencies, especially with leverage. His experience raises crucial questions about:
- The risks tied to large leveraged positions
- The potential for price manipulation by major players
- The evolving role of the crypto community in supporting high-profile traders
Wynn’s bold strategy—and the support it’s attracting—suggests that Bitcoin remains not only a speculative asset but also a symbol of collective belief and resilience. As the market evolves, stories like his serve as both inspiration and cautionary tale for traders navigating the highs and lows of crypto finance.