James Wynn returns with $19M leveraged $BTC

long, $100K $PEPE

bet🔥🔥🔥

Wynn previously claimed that his leveraged positions were deliberately “hunted” by crypto market makers looking to sink Bitcoin’s price below his liquidation threshold.

Multimillionaire cryptocurrency trader James Wynn returned despite numerous previous liquidations, signaling renewed confidence in Bitcoin’s near-term upside momentum.

Wynn returned with two new leveraged positions, including a 40x leveraged Bitcoin BTC $117,957

long position worth over $19.5 million at $117,000, which could be liquidated if the price fell below $115,750. Wynn has already incurred $1.4 million worth of funding fees to maintain the position, which has a current unrealized profit of $78,000.

Wynn’s second position is a 10x leveraged long on the popular Pepe PEPE $0.00001282

memecoin, worth over $102,000, was opened at $0.01201, but the position’s liquidation price remains unknown, according to blockchain data from Hypurrscan.

James Wynn’s address. Source: Hypurrscan

Wynn rose to popularity among crypto enthusiasts at the end of May, after his first leveraged $100 million position was liquidated on May 30, when BTC briefly dipped below a 10-day low of $105,000.

The pseudonymous trader opened a second leveraged $100 million Bitcoin bet on June 3, before he was liquidated and lost nearly $25 million on June 5, Cointelegraph reported.