He Had Lost 100 Million Dollars in Bitcoin: He Burned Through His Savings Once Again and Closed His Account

James Wynn, who became famous for making 100 million dollars in cryptocurrency trades and losing it all within months, has burned through his savings once again.

In recent months, James Wynn completely wiped out his 100 million dollars through leveraged trades, and a few days ago, he also lost money on a position he opened betting that Bitcoin would drop, leading him to close his social media account.

Against the backdrop of Bitcoin's recently rising price, Wynn opened a short position with 40x leverage worth approximately 1.5 million dollars. The liquidation price of the position was 108,630 dollars.

Ignoring warnings about the extremely risky trade he was making, Wynn expressed confidence that Bitcoin would drop rapidly. Once again, things went wrong for the anonymous trader, and as Bitcoin continued to rise, surpassing 116,000 dollars, he lost again.

Wynn, who described himself on his X profile with a single word: "Broke", later closed his account.