Well, looky here—after a little $100 million hiccup last week, James Wynn, the infamous Hyperliquid trader, is back at it again. This time, he’s throwing caution (and reason) to the wind by reopening a 40x long position on Bitcoin. That’s right, folks—he’s in for a whopping $98 million gamble. Someone give this man a medal… or a straightjacket. 🤦♂️
James Wynn Dips His Toes Back Into the Bitcoin Pool—And It’s a 40x Leap of Faith
On June 2, 2025, the man, the myth, the legend, James Wynn, decided to roll the dice yet again. This time, it’s on Bitcoin ( BTC), and it’s not a small sum either. Wynn’s gone long on this volatile digital gold with 40x leverage, meaning if it all goes south, he could lose more than a good chunk of change—he could lose his sanity. 😜
So, what’s the deal with this move? Well, Wynn is claiming his trade was targeted from the start. He believes he’s been “hunted,” and has even tossed around the idea of a shadowy “agenda” being behind it all. But, just like every good mystery, he’s not entirely sure what that agenda is. Maybe it’s a conspiracy. Maybe it’s just a guy making a bad decision. 🤷♂️
Some folks are whispering that Wynn got caught in the treacherous waters of “liquidation hunting,” a dirty trick where sharks circle around high-leverage traders, just waiting for them to make a misstep. And guess what? Wynn’s fresh bet is just begging for those sharks to bite. 🦈
As it stands, Wynn’s new Bitcoin long position is worth $98 million. He jumped in at $105,890 per coin, with his liquidation price dangerously close to $103,640. This is either genius… or utter madness. (Place your bets now!)
Before he even got the chance to settle in, Wynn took to X (formerly Twitter, if you’ve been living under a rock) to rally the troops. “Buy BTC now,” he urged, “Buy their manipulation. Take their bitcoin from them. [I am] your bait to drive [the] price lower,” he said, making us all wonder if he really knows what he’s doing. Either way, at least he’s entertaining. 😂
The internet, as always, had some thoughts. Several people called out Wynn’s attempt to play the market like a fiddle, but not everyone was impressed. “Bro went from a hero to a beggar in just one week,” quipped one X user, ‘Psycho,’ in a reply that was harsh but probably accurate. We’ve all seen it before—one minute you’re riding high, the next you’re begging for scraps.
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2025-06-02 17:01