As of May 27, 2025, crypto whale James Wynn is making bold moves again. He recently opened a massive \$1.2 billion long position on Bitcoin with 40x leverage but quickly flipped to a \$1 billion short position, betting on a near-term correction. He also holds big leveraged longs on Ethereum (\$38M) and PEPE (\$20M), showing mixed strategies across assets. Despite a recent \$29M daily loss, Wynn remains up \$57M overall. His trades highlight Bitcoin’s volatile “trap zone,” where both longs and shorts are being liquidated.