Billionaire bets $100 million on Bitcoin rally
The controversial crypto trader operating under the pseudonym James Wynn isn't deterred by losses.
The controversial crypto trader operating under the pseudonym James Wynn isn't deterred by losses. Just a few days after liquidating his previous mega bet, he opens another $100 million Bitcoin position and again bets on a rising price.
According to Hypurrscan data, the liquidation threshold is $103,630, with a leverage of 40x. At time of writing, the position is already almost $600,000 in the red.
Last week, his first $100 million position was liquidated when Bitcoin dipped briefly below $105,000. But Wynn seems fearless. On the social platform X, he calls the community to action:
"Buy that damn dip. Don’t let those bastards liquidate me."
And with success: according to data from dethective, more than $10,000 has now been sent to his blockchain address, a sign that the crypto community is watching and joining in.
Wynns explosive style has been a hot topic for weeks. Not long ago, he also made headlines with an insane $1.2 billion Bitcoin bet, also with 40x leverage.
Whether he stays out of the danger zone this time or gets liquidated again remains to be seen. One thing is certain: James Wynn plays crypto like a gladiator, all or nothing.
