James Wynn opens a new $100 million position

James Wynn, well-known multimillionaire cryptocurrency trader, has turned the spotlight back on Bitcoin after opening a second leveraged position of nearly 100 million dollars, despite a recent liquidation with the same exposure. This bold move highlights scenarios of high volatility and risky strategies that drive the Bitcoin market.

The second leveraged position of James Wynn on Bitcoin

According to the data aggregated by Hypurrscan, Wynn’s new position is set to be liquidated if the price of Bitcoin falls below 103,630 dollars. Currently, this position is already recording an unrealized loss exceeding 592,000 dollars.

This operation comes indeed less than a week after Wynn underwent a similar liquidation for his previous 100 million position, which occurred on May 30. At that time, Bitcoin had temporarily hit a 10-day low at 105,000 dollars, triggering the automatic closure of the trader’s position.

Liquidation: constant obstacle for Wynn

Wynn has publicly expressed his frustration on social platforms, particularly on X, stating that his liquidation level is becoming a conscious target for some large-caliber market operators. He wrote:  

“Arrivano di nuovo per me” (“Arrivano di nuovo per me”),

referring to the coordinated attacks on the price near its stop level.

Don’t let these evil bastards liquidate me” (“Don’t let these evil bastards liquidate me”),

he added, openly sharing the liquidation threshold.

These statements indicate a perception of direct conflict between Wynn and the so-called “cabala” of market-makers capable of influencing price levels to force the closure of his significant bets.

Community Support: Stablecoin Donations to Fund Wynn’s Bets

In response to this dynamic, the community of enthusiasts and investors in Bitcoin seems to have launched a real support campaign for Wynn. At least 24 users have sent stablecoin— cryptocurrencies pegged to the value of the dollar — to his blockchain address, to help him finance the leveraged positions.

The largest donation approaches 8,000 dollars, a significant gesture that underscores solidarity and trust in Wynn’s prospects. According to data from “dethective,” such contributions represent an almost unprecedented phenomenon in the sector.

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Wynn’s requests to the crypto community

In the past, Wynn has already sought support from the network, defining his battle as an uneven clash against manipulative market-making, which hinders independent traders. He has promised to return all received stablecoins, provided he can win against this “cabal.”  

Additionally, he reported that some of his personal accounts on cryptocurrency exchanges were closed suddenly and without explanations. These circumstances heighten the tension around his activities and cast shadows on the market dynamics in which he operates.

Wynn’s forecasts: a possible Bitcoin rally

Despite the difficulties, Wynn maintains an optimistic attitude about the future performance of Bitcoin. In a subsequent update on social media, he highlighted that the bear momentum is weakening.  

According to him, an unexpected rally is on the horizon, capable of surprising many investors. This forecast is based primarily on technical analysis and the dynamics of leveraged positions in the market, elements that often generate large and sudden movements in the price of Bitcoin.

The Wynn stocks highlight the extremely volatile and speculative nature of Bitcoin, especially when using tools like leverage. His relentless confidence, despite repeated liquidations, raises important questions about risk management and investment strategies in high-volatility assets.  

Furthermore, the support gathered from the community means that Bitcoin is not just a financial asset, but also a social and collective phenomenon, capable of mobilizing resources to support significant bull and bear bets.

Expectations and future possibilities for Bitcoin and leveraged traders

This story highlights some crucial dynamics for those who invest in Bitcoin:

  • High volatility can result in large gains, but also in equally large risks, especially with leverage.
  • Powerful operators could influence the market to force the liquidation of risky positions.
  • The comunità di investitori has a growing role in providing support, transforming trading into an almost collective dimension.

Already now, James Wynn represents an emblematic example of the tension between extreme risk and confidence in the potential of Bitcoin, regardless of the contingent difficulties.

Ultimately, the future of Bitcoin and leveraged traders like Wynn remains an open field, where courage meets the challenges of the markets. For those who want to follow this evolution, it is important to closely monitor price levels, liquidation dynamics, and the collective sentiment of investors, to seize opportunities without underestimating the risks.

Source: https://en.cryptonomist.ch/2025/06/04/bitcoin-the-multimillionaire-trader-james-wynn-challenges-the-market-with-a-new-100-million-position/