High-Ranking Trader Initiates Massive Bitcoin Sell-Off: Yet Significant Consequence Awaits
In the world of cryptocurrency trading, James Wynn has made a name for himself as a daring and influential figure. This year, he garnered attention for his profitable leveraged trades, reaching a staggering $87 million profit at one point. However, his recent trading history with Bitcoin has been marked by significant losses.
Over the past few weeks, Wynn has posted a total of $98 million in realised losses. His latest bet, a 40x short on Bitcoin, is attracting attention on social media. This new wager, if unsuccessful, may end in a similar manner to Wynn's previous trades - spectacularly and with little left to salvage.
The story began in late May 2025 when Wynn achieved extraordinary profits on Hyperliquid, peaking at over $87 million within about 70 days. However, these gains quickly reversed as he suffered a series of major losses from risky leverage trades. By June 5, his total losses on Bitcoin long positions reached about $20.4 million, effectively wiping out nearly all his prior profits.
Despite the heavy liquidation of his earlier positions around May 30 at Bitcoin prices near $105,000, Wynn promptly re-entered the market by opening a new gigantic long Bitcoin position. On June 2, 2025, he took a 945 BTC long position valued at approximately $99.5 million using 40x leverage, with a liquidation price at about $104,580 per BTC.
A few days later, around June 4, Wynn opened a second leveraged Bitcoin long position close to $100 million, showing his willingness to continue high-leverage strategies despite repeated liquidations. This position was at risk of liquidation below $103,630, and was already showing unrealized losses nearing $592,000 shortly after opening.
By late June 2025, with Bitcoin's price surging above $108,000 and rallying about 108% in 2025, Wynn shifted his stance from short to long positions, reinforcing his bullish outlook on Bitcoin's near-term performance. He closed out his previous shorts to fully commit to longs, joining other prominent traders in increasing significant exposure to Bitcoin.
The summary of Wynn's recent Bitcoin trading performance is as follows:
| Date Range | Action | Position Size & Leverage | Outcome | |-------------------|---------------------------------|-----------------------------------------------|---------------------------------------------| | Late May 2025 | Various leveraged trades | Peaked at $87M profit, rapid large losses | Lost nearly all profits within days[2] | | May 30, 2025 | Long BTC position (~$100M) | Liquidated at ~$105,000 BTC price | Massive $37.41M loss + further losses[2][3]| | June 2, 2025 | Opened 945 BTC long, 40x leverage| ~$99.5M position, liquidation at ~$104,580 | High-risk, bullish bet ongoing[1] | | June 4, 2025 | Opened second ~$100M long BTC | Liquidation below $103,630, unrealized losses | Position at risk, frustration expressed[3] | | June 29, 2025 | Shifted from shorts to longs | Increased Bitcoin exposure | Confirmed bullish outlook as BTC topped $108K[4] |
Wynn's personal net loss after these trading events stands at -$12 million. It is unclear whether Wynn is trying to prove something or if this is a last stand for a trader who took excessive risks.
This article serves as a reminder of the dangers and potential rewards of high-leverage crypto trading. It is strongly recommended to conduct one's own research and consult with financial experts before making investment decisions. U.Today would like to reiterate that the content provided is for informational purposes only and does not represent financial advice.
[1] Source: https://www.coindesk.com/business/2025/06/02/james-wynn-takes-massive-long-bitcoin-position-with-40x-leverage/ [2] Source: https://www.coindesk.com/business/2025/06/05/james-wynn-suffers-massive-losses-on-bitcoin-long-position/ [3] Source: https://www.coindesk.com/business/2025/06/04/james-wynn-accuses-coordinated-market-forces-of-targeting-his-liquidation-levels/ [4] Source: https://www.coindesk.com/business/2025/06/29/james-wynn-shifts-from-shorts-to-longs-on-bitcoin/
- Despite the warnings and past losses, James Wynn continues to invest heavily in Bitcoin, opening a second $100 million long position with 40x leverage, showing his persistent regard for high-leverage strategies.
- As a result of his recent trading activities, Wynn's personal net loss now stands at $12 million, raising questions about whether he is attempting to prove something or if this is a last stand for a trader who consistently takes excessive risks.
- In light of Wynn's experiences, it is crucial for potential investors to exercise caution in the world of cryptocurrency, particularly when it comes to leveraged trades. Consulting with financial experts and conducting thorough research is advised before making any investment decisions.
