James Wynn, a well-known figure in the crypto trading space, has dramatically increased his Bitcoin long position, now holding 7,227 $BTC valued at approximately $790 million. This bold move comes with high stakes—his liquidation level is set close at $107,580, underscoring the razor-thin margin and high-risk nature of his strategy. Wynn’s ambitious target remains firm: Bitcoin at $110,000.
A Week of High-Stakes Trading
Wynn’s turbulent trading week began on May 19, when he opened a 40x leveraged long on 5,520 BTC at an entry price of $103,302, placing his liquidation point just below $98,300. By May 20, he had scaled the position up to 7,764 BTC at a new average entry of $105,033, moving his liquidation level up to $100,330.
On May 21, Wynn further expanded the position to 9,371 BTC, pushing his exposure past $1 billion. His unrealized profits briefly peaked at $10.7 million before he sold 2,139 BTC later that day, locking in $12 million in gains and reducing his position to 5,203 BTC (valued at over $550 million).
But Wynn wasn’t done yet.
On May 22, he re-entered aggressively with a new long position: 10,200 BTC at $108,065. As Bitcoin spiked to $111,900, his unrealized profits soared to $39 million. However, a 4% market correction on May 23—triggered by geopolitical uncertainty over Trump’s proposed EU tariffs—pulled Bitcoin down to $106,700, cutting into his gains.
From Gains to Drawdown
Still undeterred, Wynn raised his position to 11,588 BTC at an average entry of $108,243, pushing his liquidation level down to $105,180. The market, however, didn’t cooperate. On May 25, he exited at $107,746, realizing a $13.39 million loss.
Pivoting sharply, Wynn opened a short position of 7,967 BTC, valued at $856 million. But this too went south. By May 26, he had closed over $1 billion in short positions, losing $15.87 million in just 15 hours. Combined with additional losses in Ethereum and other assets, Wynn’s total weekly drawdown reached $60 million.
Still Standing
Despite the losses, Wynn remains confident. In a May 26 post, he acknowledged the setback but noted his account was still up $25 million, having started with just $3–4 million in capital. At his peak, Wynn reportedly reached $87 million in net profits.
Back in the Market: $790M Long, Liquidation at $107,580
Now, Wynn is back in the spotlight with a fresh long position of 7,227 BTC at an average price of $110,084. With a liquidation level at $107,580, the trade leaves little room for error—but potentially massive upside if Bitcoin reaches his $110K target.
As crypto markets remain volatile, all eyes are on James Wynn. Will this daring strategy restore his legendary status—or lead to another costly setba
