🚨 Crypto Whale Liquidated for $118M 🚨
James Wynn, the high-stakes trader who turned a $390M Bitcoin bet into a $1.25B position using 40x leverage, just got wrecked for over $118M as BTC dipped below $105K.
Wynn was liquidated across four major positions and still holds a high-risk open trade with unrealized losses. Once sitting on $39M in profits, his mega-bet unraveled fast as markets turned.
He now says it’s better to buy and hold BTC in cold storage—calling out “corruption” in the market and warning others against leverage trading.
Is this the end of degen trading for crypto whales?
#Bitcoin #CryptoNews #BTC #LeverageTrading #JamesWynn #CryptoCrash $BTC