James Wynn, known for his high-stakes crypto trades, has opened another $100 million long position on Bitcoin.
Almost immediately after his order hit the market, BTC’s price started dropping toward his liquidation level of $103,637.
BTC Price Dumps Amid James Wynn’s $100 Million Bet
James Wynn, the high-risk trader on Hyperliquid, opened a long position of 945 BTC, valued at approximately $99 million, using a staggering 40x leverage.
Soon after Wynn placed his trade, the Bitcoin price started dropping. This has sparked renewed speculation about the influence of so-called “shady market makers,” who are believed to monitor and manipulate large on-chain positions.
“James Wynn opened another $100M BTC long. Within seconds the shady market makers dumped the price towards his liquidation price of $104,580 Why are they so desperate to see him lose?” crypto analyst Gordon asked on X.
Wynn, once up $87 million in late May, is now down $1.4 million, highlighting the brutal volatility of leveraged crypto trading.
“The moment I entered my long the insta hunted me. There is an agenda here and I don’t know what it is. It can’t be just my long, maybe it’s because I’m a fish playing a whales game or maybe it’s because I’m bringing attention to Hyper Liquid,” James Wynn posted on X.
James Wynn has recently emerged as one of the most talked-about figures in the crypto industry. His bold trading moves and volatile portfolio have captured the attention of market watchers.
Wynn’s latest trade comes despite his recent statement that he was planning to take a break from trading.
“I’ve decided to give perp trading a break. Thank you HyperliquidX for your hospitality. Your service, impeccable. Your platform exquisite. Its been a fun ride. Approx $4m into $100m and then back down to a total account loss of $17,500,000,” Wynn posted on X just hours before placing his latest trade.
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