Snapshot as of 04 June 2025, 00:30 UTC
Asset: BTC
Leverage: 40x
Position Size: 1,391.32 BTC
Position Value: $146,564,306.08
Unrealized PnL: -$1,017,947.51
Entry Price: $106,073.60
Current Price: $105,342.00
Liquidation Price: $104,976.23
Margin Used: $3,664,107.65
Funding Paid: -$42,443.50
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Scaling Up: From Risk to Recklessness?
After narrowly escaping liquidation just 24 hours earlier, James Wynn didn’t pull back. Instead, he doubled down — increasing his position from 944.93 BTC to 1,391.32 BTC, pushing the total value of his 40x long above $146 million. With BTC barely above $105k, Wynn is now walking a knife’s edge: any dip below $104,976 could wipe out more than $3.6 million in margin.
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The Thinnest of Margins
BTC is currently trading at $105,342, just $366 above his liquidation price — a mere 0.35% buffer. At this scale and leverage, every tick counts. Wynn is holding his breath with millions on the line, again.
Just yesterday, his position had flipped from near-liquidation to a $450k profit. Today, it’s showing a $1 million unrealized loss. At this volatility, profit and ruin are only minutes apart.
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Funding Fees Add Pressure
With the position ballooning, so do the carrying costs. Wynn has now paid over $42,000 in funding fees — and counting. The longer he holds, the more the clock eats away at his margin. If BTC stays stagnant or dips, it’s not just price movement he has to fear — it’s time.
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Genius or Madness?
This isn’t just high-stakes trading. It’s high-stakes poker with the market itself.
Is Wynn a visionary who sees BTC preparing for a sharp move upward — or a reckless gambler caught in a spiraling bet? Either way, he’s writing a case study in real time on the edge of margin trading.
And as always with 40x leverage, only two outcomes are possible: glory or liquidation.
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To Be Continued…
BTC is volatile. Wynn is all-in. And the story’s far from over.
